CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Washington Harbour Partners LP

Washington Harbour Partners LP reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 64.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,165 shares of the technology company's stock after selling 12,900 shares during the quarter. CyberArk Software comprises about 3.7% of Washington Harbour Partners LP's investment portfolio, making the stock its 12th biggest position. Washington Harbour Partners LP's holdings in CyberArk Software were worth $2,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of CYBR. Mather Group LLC. bought a new position in CyberArk Software during the 2nd quarter valued at about $27,000. ORG Partners LLC purchased a new position in shares of CyberArk Software during the second quarter valued at approximately $33,000. Assetmark Inc. grew its stake in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after buying an additional 123 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new stake in shares of CyberArk Software in the second quarter worth approximately $39,000. Finally, Transcendent Capital Group LLC bought a new stake in shares of CyberArk Software during the 3rd quarter worth approximately $51,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

CYBR stock traded down $4.35 during trading on Friday, reaching $323.22. The company had a trading volume of 834,262 shares, compared to its average volume of 518,058. The company has a market cap of $14.08 billion, a price-to-earnings ratio of 1,213.27 and a beta of 1.13. CyberArk Software Ltd. has a twelve month low of $198.01 and a twelve month high of $333.32. The firm has a 50-day simple moving average of $298.31 and a 200-day simple moving average of $275.29.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data 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 for 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 quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.31) earnings per share. Sell-side analysts expect that CyberArk Software Ltd. will post -0.62 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $335.00 price objective on shares of CyberArk Software in a research report on Thursday, November 14th. Canaccord Genuity Group upped their price target 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. Stifel Nicolaus lifted their price objective on shares of CyberArk Software from $306.00 to $335.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Mizuho upped their target price on CyberArk Software from $310.00 to $325.00 and gave the stock an "outperform" rating in a report on Thursday, October 17th. Finally, Needham & Company LLC reissued a "buy" rating and set a $310.00 price target on shares of CyberArk Software in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CyberArk Software has an average rating of "Moderate Buy" and a consensus target price of $328.37.

About CyberArk Software

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.