Ashford Capital Management Inc. Cuts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Ashford Capital Management Inc. trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 8.3% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,750 shares of the technology company's stock after selling 5,960 shares during the period. CyberArk Software comprises approximately 2.4% of Ashford Capital Management Inc.'s holdings, making the stock its 17th largest holding. Ashford Capital Management Inc. owned about 0.15% of CyberArk Software worth $19,173,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in CyberArk Software by 3.2% during the first quarter. Vanguard Group Inc. now owns 69,147 shares of the technology company's stock valued at $18,368,000 after buying an additional 2,113 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in CyberArk Software by 11.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,202 shares of the technology company's stock worth $602,000 after purchasing an additional 223 shares during the last quarter. ORG Partners LLC acquired a new position in CyberArk Software in the second quarter worth $33,000. Cigna Investments Inc. New bought a new stake in CyberArk Software during the second quarter valued at $222,000. Finally, Assenagon Asset Management S.A. raised its holdings in shares of CyberArk Software by 13.1% during the second quarter. Assenagon Asset Management S.A. now owns 1,682 shares of the technology company's stock worth $460,000 after purchasing an additional 195 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of CYBR stock traded down $7.87 on Tuesday, hitting $312.13. The company's stock had a trading volume of 584,955 shares, compared to its average volume of 518,935. CyberArk Software Ltd. has a fifty-two week low of $198.01 and a fifty-two week high of $333.32. The company has a market capitalization of $13.60 billion, a PE ratio of 1,185.23 and a beta of 1.13. The stock's 50 day moving average is $299.69 and its 200-day moving average is $276.79.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm's quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the company posted ($0.31) EPS. On average, research analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price objective on shares of CyberArk Software from $300.00 to $345.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. BTIG Research upped their target price on CyberArk Software from $310.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. StockNews.com raised CyberArk Software from a "hold" rating to a "buy" rating in a report on Monday. UBS Group upped their price objective on CyberArk Software from $340.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Finally, Mizuho raised their target price on CyberArk Software from $310.00 to $325.00 and gave the company an "outperform" rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $328.37.

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.