Peregrine Capital Management LLC lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 15.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,119 shares of the technology company's stock after selling 7,117 shares during the period. Peregrine Capital Management LLC owned about 0.08% of CyberArk Software worth $12,884,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also recently modified their holdings of the company. Thoma Bravo L.P. acquired a new position in shares of CyberArk Software during the fourth quarter valued at approximately $380,637,000. First Trust Advisors LP lifted its holdings in CyberArk Software by 2.3% in the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock valued at $313,084,000 after purchasing an additional 20,832 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in CyberArk Software by 8.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock worth $292,651,000 after purchasing an additional 68,359 shares during the last quarter. Norges Bank purchased a new stake in shares of CyberArk Software during the fourth quarter worth $203,375,000. Finally, Driehaus Capital Management LLC raised its position in shares of CyberArk Software by 31.5% in the fourth quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock valued at $159,278,000 after buying an additional 114,622 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.
CyberArk Software Trading Down 1.6%
CYBR stock traded down $6.18 during trading on Wednesday, hitting $385.55. 236,741 shares of the company's stock were exchanged, compared to its average volume of 665,258. The stock has a market capitalization of $19.06 billion, a price-to-earnings ratio of -207.46 and a beta of 1.00. CyberArk Software Ltd. has a 52-week low of $230.00 and a 52-week high of $421.00. The business has a 50-day moving average price of $375.89 and a two-hundred day moving average price of $358.27.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. The firm had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The company's revenue was up 43.3% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the company. DA Davidson upped their price target on CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and set a $480.00 price target on shares of CyberArk Software in a research report on Thursday, March 20th. Roth Capital began coverage on shares of CyberArk Software in a report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price objective on the stock. Finally, Robert W. Baird increased their price objective on shares of CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $416.79.
View Our Latest Stock Report on CyberArk Software
About CyberArk Software
(
Free Report)
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.
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