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CyberArk Software Ltd. (NASDAQ:CYBR) Stake Cut by Zurcher Kantonalbank Zurich Cantonalbank

CyberArk Software logo with Computer and Technology background

Key Points

  • Zurcher Kantonalbank reduced its stake in CyberArk Software by 2.5%, selling 838 shares, and now holds approximately 0.07% of the company's stock, valued at $11,078,000.
  • CyberArk Software reported a 43.3% increase in quarterly revenue year-over-year, posting $317.60 million, and exceeded earnings expectations with reported EPS of $0.98.
  • A majority of analysts maintain a positive outlook with twenty-six buy ratings, reflecting a general consensus price target of $418.75 for CyberArk Software's stock.
  • Five stocks we like better than CyberArk Software.

Zurcher Kantonalbank Zurich Cantonalbank cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 32,776 shares of the technology company's stock after selling 838 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank owned about 0.07% of CyberArk Software worth $11,078,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CYBR. Venturi Wealth Management LLC increased its stake in CyberArk Software by 3.6% during the 1st quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock valued at $282,000 after purchasing an additional 29 shares in the last quarter. CenterBook Partners LP boosted its position in shares of CyberArk Software by 2.4% during the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock valued at $534,000 after acquiring an additional 38 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of 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 during the last quarter. Assetmark Inc. lifted its position in CyberArk Software by 13.9% in the first quarter. Assetmark Inc. now owns 327 shares of the technology company's stock valued at $111,000 after buying an additional 40 shares during the last quarter. Finally, Whipplewood Advisors LLC lifted 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 valued at $27,000 after buying an additional 46 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Robert W. Baird reaffirmed a "neutral" rating and issued a $460.00 target price on shares of CyberArk Software in a research report on Friday. Barclays increased their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a research note on Monday, July 14th. Guggenheim lowered shares of CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price on the stock. in a research report on Thursday. Roth Capital initiated coverage on shares of CyberArk Software in a research report on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price on the stock. Finally, William Blair reaffirmed a "market perform" rating on shares of CyberArk Software in a report on Wednesday. Seventeen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $433.39.

Get Our Latest Stock Report on CyberArk Software

CyberArk Software Stock Performance

CYBR stock traded up $2.53 during trading on Friday, reaching $414.00. 3,227,349 shares of the company's stock were exchanged, compared to its average volume of 2,003,482. The company has a quick ratio of 1.29, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a 1-year low of $230.00 and a 1-year high of $452.00. The company's fifty day moving average price is $391.99 and its 200-day moving average price is $368.01. The firm has a market cap of $20.46 billion, a PE ratio of -122.85 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The company had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same quarter in the previous year, the firm posted $0.54 EPS. The firm's quarterly revenue was up 46.0% on a year-over-year basis. On average, research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software 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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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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