CyberArk Software Ltd. (NASDAQ:CYBR) Position Lowered by SG Americas Securities LLC

SG Americas Securities LLC trimmed its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 22.0% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 130,865 shares of the technology company's stock after selling 36,894 shares during the quarter. SG Americas Securities LLC owned 0.26% of CyberArk Software worth $44,232,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its holdings in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after acquiring an additional 34 shares in the last quarter. Whipplewood Advisors LLC increased its position in CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after buying an additional 46 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of CyberArk Software in the fourth quarter worth about $39,000. Graney & King LLC bought a new position in CyberArk Software during the fourth quarter valued at approximately $43,000. Finally, Montag A & Associates Inc. boosted its stake in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after buying an additional 42 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of research analyst reports. Wells Fargo & Company raised their price target on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a "buy" rating and issued a $480.00 price target on shares of CyberArk Software in a report on Thursday, March 20th. Cantor Fitzgerald reiterated an "overweight" rating and set a $400.00 price objective on shares of CyberArk Software in a research note on Tuesday, May 13th. Robert W. Baird upped their price target 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, Stifel Nicolaus increased their price objective on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Two equities research 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. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $415.71.

CyberArk Software Stock Down 0.1%

Shares of CyberArk Software stock traded down $0.48 during trading on Wednesday, hitting $395.59. 482,127 shares of the company were exchanged, compared to its average volume of 554,391. CyberArk Software Ltd. has a fifty-two week low of $230.00 and a fifty-two week high of $421.00. The stock has a market capitalization of $19.55 billion, a price-to-earnings ratio of -202.87 and a beta of 0.99. The firm has a 50 day moving average price of $356.34 and a 200 day moving average price of $350.76.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.19. The firm had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The company's quarterly revenue was up 43.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. Analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current 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.