Avala Global LP lessened its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 2.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 306,942 shares of the technology company's stock after selling 7,000 shares during the quarter. CyberArk Software comprises about 5.9% of Avala Global LP's investment portfolio, making the stock its 3rd largest position. Avala Global LP owned approximately 0.70% of CyberArk Software worth $89,507,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Mather Group LLC. acquired a new position in shares of CyberArk Software during the second quarter valued at $27,000. ORG Partners LLC bought a new stake in CyberArk Software in the second quarter valued at about $33,000. 1620 Investment Advisors Inc. bought a new stake in CyberArk Software in the second quarter valued at about $39,000. Assetmark Inc. increased its holdings in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Finally, Arcadia Investment Management Corp MI increased its holdings in CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock valued at $50,000 after purchasing an additional 54 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.
Wall Street Analysts Forecast Growth
CYBR has been the subject of a number of recent analyst reports. Wells Fargo & Company upped their price objective on CyberArk Software from $300.00 to $350.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Piper Sandler upped their price objective on CyberArk Software from $300.00 to $345.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Wedbush upped their price objective on CyberArk Software from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st. Scotiabank assumed coverage on CyberArk Software in a report on Monday, October 21st. They issued a "sector outperform" rating and a $340.00 price target for the company. Finally, Mizuho increased their price target on CyberArk Software from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $328.37.
Get Our Latest Analysis on CyberArk Software
CyberArk Software Stock Performance
NASDAQ CYBR traded down $4.40 during trading hours on Monday, hitting $319.11. 310,801 shares of the company traded hands, compared to its average volume of 519,884. The business's 50-day moving average is $295.12 and its 200-day moving average is $273.47. CyberArk Software Ltd. has a twelve month low of $198.01 and a twelve month high of $332.05. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 1,198.23 and a beta of 1.13.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company had revenue of $240.10 million during the quarter, compared to analysts' expectations of $234.10 million. During the same period last year, the firm posted ($0.31) earnings per share. The business's revenue was up 25.6% on a year-over-year basis. Analysts predict that CyberArk Software Ltd. will post -0.62 EPS 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.
Featured Articles
Before you consider CyberArk Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CyberArk Software wasn't on the list.
While CyberArk Software currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are major institutional investors including hedge funds and endowments buying in today's market? Click the link below and we'll send you MarketBeat's list of thirteen stocks that institutional investors are buying up as quickly as they can.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
