Wolff Wiese Magana LLC Sells 755 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Wolff Wiese Magana LLC lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 51.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 703 shares of the technology company's stock after selling 755 shares during the quarter. Wolff Wiese Magana LLC's holdings in CyberArk Software were worth $238,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Yousif Capital Management LLC boosted its position in CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after acquiring an additional 187 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of CyberArk Software by 1,104.3% during the first quarter. Farther Finance Advisors LLC now owns 843 shares of the technology company's stock valued at $294,000 after purchasing an additional 773 shares in the last quarter. Dynamic Advisor Solutions LLC lifted its holdings in shares of CyberArk Software by 17.1% during the first quarter. Dynamic Advisor Solutions LLC now owns 1,455 shares of the technology company's stock valued at $492,000 after purchasing an additional 212 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of CyberArk Software by 16.8% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 3,274 shares of the technology company's stock worth $1,091,000 after purchasing an additional 471 shares in the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of CyberArk Software in the 4th quarter worth approximately $18,106,000. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Up 3.7%

CYBR stock traded up $14.01 during midday trading on Monday, hitting $397.06. The company's stock had a trading volume of 873,142 shares, compared to its average volume of 557,280. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $421.00. The company has a 50 day moving average of $365.92 and a two-hundred day moving average of $354.62. The firm has a market capitalization of $19.63 billion, a price-to-earnings ratio of -213.47 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The company had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. During the same period in the previous year, the firm posted $0.75 EPS. CyberArk Software's revenue for the quarter was up 43.3% compared to the same quarter last year. On average, analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Robert W. Baird lifted their price objective on CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Stephens began coverage on shares of CyberArk Software in a research note on Tuesday, April 1st. They set an "overweight" rating and a $440.00 target price on the stock. Guggenheim reaffirmed a "buy" rating and issued a $455.00 price objective on shares of CyberArk Software in a report on Tuesday, February 25th. Finally, Roth Capital assumed coverage on CyberArk Software in a research report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 target price on the stock. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, CyberArk Software presently has an average rating of "Moderate Buy" and an average price target of $416.79.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sells software-based identity security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager, which offers risk-based credential security and session; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide secure access to third-party vendors; Dynamic Privileged Access, a SaaS solution that provides just-in-time access to Linux Virtual Machines; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Secure Desktop, a solution that protects access to endpoints.