Trillium Asset Management LLC lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 22.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,468 shares of the technology company's stock after selling 9,158 shares during the quarter. Trillium Asset Management LLC owned approximately 0.07% of CyberArk Software worth $10,975,000 at the end of the most recent quarter.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Golden State Wealth Management LLC grew its stake in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after acquiring an additional 39 shares in the last quarter. Whipplewood Advisors LLC grew its stake in shares of 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 in the last quarter. Bessemer Group Inc. grew its stake in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares in the last quarter. Morse Asset Management Inc bought a new stake in shares of CyberArk Software in the 1st quarter valued at approximately $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in shares of CyberArk Software by 340.0% in the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock valued at $37,000 after buying an additional 85 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
Wall Street Analysts Forecast Growth
CYBR has been the subject of several recent research reports. Cantor Fitzgerald reissued an "overweight" rating and issued a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, July 22nd. Baird R W cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Oppenheimer reiterated a "market perform" rating on shares of CyberArk Software in a report on Friday, August 1st. Piper Sandler reiterated a "neutral" rating and set a $448.00 price target (up from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Finally, Guggenheim lowered CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price for the company. in a research note on Thursday, July 31st. Eighteen analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat, CyberArk Software has a consensus rating of "Hold" and a consensus target price of $435.11.
Check Out Our Latest Stock Analysis on CyberArk Software
CyberArk Software Trading Up 2.2%
NASDAQ:CYBR traded up $9.32 during mid-day trading on Friday, hitting $423.85. The company had a trading volume of 1,037,868 shares, compared to its average volume of 2,580,099. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $452.00. The business's fifty day moving average is $396.53 and its two-hundred day moving average is $371.71. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The firm has a market cap of $20.95 billion, a P/E ratio of -125.77 and a beta of 0.96.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. CyberArk Software's revenue was up 46.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 earnings per share. As a group, research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
CyberArk Software Company Profile
(
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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