LMR Partners LLP Sells 55,600 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

LMR Partners LLP lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 53.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,105 shares of the technology company's stock after selling 55,600 shares during the period. LMR Partners LLP owned approximately 0.11% of CyberArk Software worth $14,320,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. MAI Capital Management increased its position in shares of CyberArk Software by 21.4% in the third quarter. MAI Capital Management now owns 2,699 shares of the technology company's stock valued at $787,000 after acquiring an additional 475 shares during the period. Swiss National Bank increased its holdings in CyberArk Software by 2.5% during the 3rd quarter. Swiss National Bank now owns 128,700 shares of the technology company's stock valued at $37,530,000 after purchasing an additional 3,100 shares during the period. Thrivent Financial for Lutherans raised its position in CyberArk Software by 2.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 101,926 shares of the technology company's stock valued at $29,723,000 after purchasing an additional 2,059 shares during the last quarter. Natixis Advisors LLC lifted its holdings in CyberArk Software by 2.3% in the 3rd quarter. Natixis Advisors LLC now owns 61,153 shares of the technology company's stock worth $17,833,000 after buying an additional 1,388 shares during the period. Finally, Mizuho Markets Americas LLC bought a new stake in shares of CyberArk Software in the 3rd quarter worth approximately $13,997,000. Institutional investors own 91.84% of the company's stock.

Analysts Set New Price Targets

CYBR has been the subject of a number of research analyst reports. Wedbush raised their price target on CyberArk Software from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 1st. Piper Sandler boosted their price target on shares of CyberArk Software from $300.00 to $345.00 and gave the company an "overweight" rating in a research report on Thursday. JMP Securities increased their price target on shares of CyberArk Software from $310.00 to $360.00 and gave the stock a "market outperform" rating in a research note on Thursday. Stifel Nicolaus upped their target price on CyberArk Software from $306.00 to $335.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Barclays raised their target price on CyberArk Software from $330.00 to $335.00 and gave the company an "overweight" rating in a research note on Thursday. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $328.37.

CyberArk Software Stock Up 0.6 %

CYBR traded up $1.91 during mid-day trading on Monday, reaching $307.18. 297,339 shares of the company traded hands, compared to its average volume of 523,798. The stock has a market capitalization of $13.39 billion, a P/E ratio of 1,148.19 and a beta of 1.13. CyberArk Software Ltd. has a 52-week low of $186.96 and a 52-week high of $318.16. The company's fifty day moving average price is $285.06 and its 200-day moving average price is $267.50.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate 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%. The business's revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.31) EPS. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.99 earnings per share for the current fiscal year.

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.