Worldquant Millennium Advisors LLC reduced its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 12.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 45,661 shares of the technology company's stock after selling 6,456 shares during the quarter. Worldquant Millennium Advisors LLC owned approximately 0.10% of CyberArk Software worth $13,315,000 as of its most recent SEC filing.
Other large investors have also added to or reduced their stakes in the company. Mather Group LLC. bought a new position in CyberArk Software in the 2nd quarter valued at about $27,000. ORG Partners LLC bought a new position in shares of CyberArk Software during the second quarter worth approximately $33,000. Assetmark Inc. lifted its holdings in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after purchasing an additional 123 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in CyberArk Software during the 2nd quarter worth approximately $39,000. Finally, Transcendent Capital Group LLC bought a new stake in CyberArk Software in the 3rd quarter valued at $51,000. Institutional investors own 91.84% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on CYBR shares. Royal Bank of Canada lifted their target price on CyberArk Software from $328.00 to $358.00 and gave the stock an "outperform" rating in a report on Thursday, November 14th. Barclays boosted their price objective on shares of CyberArk Software from $330.00 to $335.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $335.00 target price on shares of CyberArk Software in a report on Thursday, November 14th. KeyCorp boosted their price target on CyberArk Software from $340.00 to $355.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Finally, Scotiabank assumed coverage on CyberArk Software in a research note on Monday, October 21st. They set a "sector outperform" rating and a $340.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $328.37.
View Our Latest Research Report on CyberArk Software
CyberArk Software Price Performance
CYBR stock traded down $4.35 during midday trading on Friday, reaching $323.22. 834,311 shares of the stock were exchanged, compared to its average volume of 518,996. CyberArk Software Ltd. has a 52 week low of $198.01 and a 52 week high of $333.32. The company has a fifty day moving average price of $299.12 and a 200 day moving average price of $276.01. The stock has a market capitalization of $14.08 billion, a PE ratio of 1,197.11 and a beta of 1.13.
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, topping the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analysts' expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. 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 business posted ($0.31) earnings per share. As a group, analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.
CyberArk Software Profile
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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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