Royce & Associates LP decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 34.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 11,400 shares of the technology company's stock after selling 6,100 shares during the quarter. Royce & Associates LP's holdings in CyberArk Software were worth $3,324,000 as of its most recent SEC filing.
A number of other institutional investors have also recently bought and sold shares of the company. Greenleaf Trust boosted its position in shares of CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company's stock worth $533,000 after purchasing an additional 45 shares in the last quarter. Signaturefd LLC lifted its holdings in CyberArk Software by 4.2% during the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company's stock worth $352,000 after acquiring an additional 49 shares in the last quarter. Austin Private Wealth LLC grew its stake in CyberArk Software by 6.8% in the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company's stock valued at $238,000 after acquiring an additional 52 shares during the period. Arcadia Investment Management Corp MI increased its holdings in shares of CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock worth $50,000 after acquiring an additional 54 shares in the last quarter. Finally, Juncture Wealth Strategies LLC raised its position in shares of CyberArk Software by 2.1% during the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company's stock worth $825,000 after purchasing an additional 57 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.
Analyst Ratings Changes
Several brokerages have commented on CYBR. Piper Sandler raised their target price on shares of CyberArk Software from $300.00 to $345.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Rosenblatt Securities restated a "buy" rating and set a $310.00 price objective on shares of CyberArk Software in a report on Tuesday, August 6th. Susquehanna upped their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a "positive" rating in a research note on Thursday, November 14th. Jefferies Financial Group lifted their price target on CyberArk Software from $315.00 to $330.00 and gave the company a "buy" rating in a research note on Tuesday, September 24th. Finally, DA Davidson upped their price objective on CyberArk Software from $285.00 to $315.00 and gave the stock a "buy" rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $328.37.
Check Out Our Latest Report on CYBR
CyberArk Software Trading Up 3.0 %
Shares of NASDAQ:CYBR traded up $9.26 on Tuesday, hitting $315.00. The company had a trading volume of 481,438 shares, compared to its average volume of 524,966. The stock has a 50 day moving average price of $285.98 and a 200 day moving average price of $268.00. The stock has a market cap of $13.72 billion, a price-to-earnings ratio of 1,128.15 and a beta of 1.13. CyberArk Software Ltd. has a 1-year low of $186.96 and a 1-year high of $318.16.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million for the quarter, compared to analysts' expectations of $234.10 million. During the same period in the prior year, the firm earned ($0.31) EPS. The business's revenue was up 25.6% on a year-over-year basis. Sell-side analysts anticipate that CyberArk Software Ltd. will post -0.99 earnings per share for the current fiscal year.
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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