Connor Clark & Lunn Investment Management Ltd. lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 7.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 100,023 shares of the technology company's stock after selling 8,482 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.23% of CyberArk Software worth $29,168,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. Mather Group LLC. purchased a new position in CyberArk Software during the 2nd quarter valued at about $27,000. ORG Partners LLC bought a new stake in shares of CyberArk Software in the 2nd quarter worth approximately $33,000. Assetmark Inc. increased its position in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after buying an additional 123 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new position in CyberArk Software during the second quarter valued at $39,000. Finally, Transcendent Capital Group LLC bought a new stake in CyberArk Software in the third quarter worth $51,000. Institutional investors own 91.84% of the company's stock.
CyberArk Software Trading Up 2.5 %
Shares of NASDAQ:CYBR traded up $8.06 during mid-day trading on Thursday, reaching $324.96. The stock had a trading volume of 162,036 shares, compared to its average volume of 522,496. CyberArk Software Ltd. has a 1 year low of $189.44 and a 1 year high of $326.01. The business's 50 day moving average price is $288.08 and its 200 day moving average price is $268.96. The company has a market cap of $14.16 billion, a P/E ratio of 1,173.75 and a beta of 1.13.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its 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 firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. CyberArk Software's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period last year, the firm posted ($0.31) earnings per share. Analysts predict that CyberArk Software Ltd. will post -0.95 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Oppenheimer raised their price target on CyberArk Software from $310.00 to $360.00 and gave the company an "outperform" rating in a report on Tuesday, October 22nd. Canaccord Genuity Group lifted their target price on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. UBS Group upped their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Royal Bank of Canada raised their price target on shares of CyberArk Software from $328.00 to $358.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Finally, KeyCorp increased their target price on CyberArk Software from $340.00 to $355.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $328.37.
View Our Latest Stock Analysis on CYBR
About CyberArk Software
(
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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