CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Silverleafe Capital Partners LLC

Silverleafe Capital Partners LLC decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 62.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 894 shares of the technology company's stock after selling 1,504 shares during the quarter. Silverleafe Capital Partners LLC's holdings in CyberArk Software were worth $302,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the company. TD Private Client Wealth LLC raised its holdings in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Whipplewood Advisors LLC grew its position in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in CyberArk Software during the fourth quarter worth about $39,000. Graney & King LLC purchased a new stake in CyberArk Software during the fourth quarter worth about $43,000. Finally, Montag A & Associates Inc. boosted its holdings in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on CYBR shares. Stephens initiated coverage on shares of CyberArk Software in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price objective on the stock. Citigroup boosted their target price on shares of CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. DA Davidson upped their price objective on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Barclays reaffirmed an "overweight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Guggenheim reaffirmed a "buy" rating and set a $455.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CyberArk Software has an average rating of "Moderate Buy" and a consensus target price of $416.79.

CyberArk Software Stock Down 1.4%

Shares of NASDAQ:CYBR traded down $5.42 on Friday, reaching $383.05. 1,530,657 shares of the company's stock were exchanged, compared to its average volume of 556,910. The firm has a market capitalization of $18.93 billion, a price-to-earnings ratio of -205.94 and a beta of 0.99. CyberArk Software Ltd. has a fifty-two week low of $230.00 and a fifty-two week high of $421.00. The business's 50-day moving average is $365.25 and its two-hundred day moving average is $353.85.

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

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.