CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Royce & Associates LP

Key Points

• Royce & Associates LP reduced its holdings in CyberArk Software by 26.3%, now owning 8,402 shares valued at approximately $2.84 million.
• CyberArk reported an earnings per share (EPS) of $0.98, surpassing estimates, and its revenue grew by 43.3% year-over-year to $317.60 million.
• Institutional investors hold a significant stake in CyberArk, with 91.84% of the company's stock owned by such investors.

Royce & Associates LP lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 26.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 8,402 shares of the technology company's stock after selling 2,998 shares during the quarter. Royce & Associates LP's holdings in CyberArk Software were worth $2,840,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of CYBR. Thoma Bravo L.P. acquired a new stake in CyberArk Software during the fourth quarter worth about $380,637,000. First Trust Advisors LP grew its holdings in CyberArk Software by 2.3% during the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after acquiring an additional 20,832 shares during the period. Norges Bank acquired a new stake in shares of CyberArk Software during the 4th quarter worth approximately $203,375,000. Driehaus Capital Management LLC grew its stake in shares of CyberArk Software by 31.5% during the 4th quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock worth $159,278,000 after purchasing an additional 114,622 shares during the period. Finally, Geode Capital Management LLC grew its stake in shares of CyberArk Software by 5.3% during the 4th quarter. Geode Capital Management LLC now owns 392,006 shares of the technology company's stock worth $130,088,000 after purchasing an additional 19,775 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on CYBR. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Roth Capital started coverage on CyberArk Software in a research report on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price on the stock. UBS Group restated a "neutral" rating and set a $485.00 target price (up from $480.00) on shares of CyberArk Software in a research report on Thursday. Robert W. Baird raised their target price on CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Finally, Barclays raised their price objective on CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Eight research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $430.50.

CyberArk Software Stock Performance

Shares of CYBR stock traded down $17.63 on Thursday, hitting $417.56. 4,518,575 shares of the stock traded hands, compared to its average volume of 820,577. The stock has a market capitalization of $20.64 billion, a PE ratio of -224.33 and a beta of 1.00. The firm's 50-day moving average price is $390.58 and its two-hundred day moving average price is $367.00. CyberArk Software Ltd. has a twelve month low of $230.00 and a twelve month high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $305.57 million. During the same period in the previous year, the business posted $0.75 EPS. CyberArk Software's revenue was up 43.3% on a year-over-year basis. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software Profile

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.