Whale Rock Capital Management LLC Has $134.42 Million Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Whale Rock Capital Management LLC raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 3.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 460,964 shares of the technology company's stock after buying an additional 14,927 shares during the quarter. CyberArk Software comprises 1.9% of Whale Rock Capital Management LLC's portfolio, making the stock its 22nd largest position. Whale Rock Capital Management LLC owned approximately 1.06% of CyberArk Software worth $134,422,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Greenleaf Trust lifted its stake in 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 during the last quarter. Signaturefd LLC boosted its holdings in shares of CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company's stock valued at $352,000 after buying an additional 49 shares during the period. Austin Private Wealth LLC grew its position in shares of CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company's stock valued at $238,000 after buying an additional 52 shares during the last quarter. Arcadia Investment Management Corp MI raised its stake in CyberArk Software by 42.2% during 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 during the period. Finally, Juncture Wealth Strategies LLC lifted its holdings in CyberArk Software by 2.1% in the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company's stock worth $825,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Down 1.8 %

NASDAQ:CYBR traded down $5.96 during trading hours on Friday, reaching $321.61. 611,873 shares of the company's stock were exchanged, compared to its average volume of 517,760. The company has a market capitalization of $14.01 billion, a P/E ratio of 1,213.27 and a beta of 1.13. CyberArk Software Ltd. has a 12 month low of $198.01 and a 12 month high of $333.32. The business's 50-day simple moving average is $298.31 and its two-hundred day simple moving average is $275.29.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to analysts' expectations of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm'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. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.62 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CYBR shares. UBS Group raised their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Cantor Fitzgerald reissued an "overweight" rating and issued a $335.00 target price on shares of CyberArk Software in a report on Thursday, November 14th. Royal Bank of Canada raised their target price on shares of CyberArk Software from $328.00 to $358.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Truist Financial reissued a "buy" rating and issued a $350.00 target price (up previously from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. Finally, JMP Securities raised their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock a "market outperform" rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $328.37.

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.