Y Intercept Hong Kong Ltd Sells 5,074 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Y Intercept Hong Kong Ltd lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 70.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,139 shares of the technology company's stock after selling 5,074 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in CyberArk Software were worth $624,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC bought a new position in CyberArk Software during the third quarter valued at about $82,485,000. Anomaly Capital Management LP acquired a new stake in CyberArk Software in the 2nd quarter valued at about $49,145,000. Clearbridge Investments LLC boosted its position in shares of CyberArk Software by 250.0% during the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company's stock valued at $61,350,000 after purchasing an additional 160,269 shares in the last quarter. Hood River Capital Management LLC grew its stake in shares of CyberArk Software by 59.2% in the 2nd quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company's stock worth $61,132,000 after purchasing an additional 83,172 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of CyberArk Software by 89.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company's stock worth $45,745,000 after purchasing an additional 78,887 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Down 2.5 %

Shares of CYBR traded down $8.18 during mid-day trading on Friday, hitting $313.36. 385,814 shares of the company's stock were exchanged, compared to its average volume of 517,724. CyberArk Software Ltd. has a twelve month low of $198.01 and a twelve month high of $333.32. The firm has a fifty day moving average of $302.84 and a two-hundred day moving average of $278.70. The stock has a market cap of $13.65 billion, a price-to-earnings ratio of 1,160.64 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its 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. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business's revenue was up 25.6% compared to the same quarter last year. During the same period last year, the company earned ($0.31) earnings per share. On average, equities analysts predict that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. 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. StockNews.com raised CyberArk Software from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Oppenheimer lifted their target price on CyberArk Software from $310.00 to $360.00 and gave the stock an "outperform" rating in a report on Tuesday, October 22nd. BTIG Research upped their target price on CyberArk Software from $310.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. Finally, Barclays lifted their price target on CyberArk Software from $330.00 to $335.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, CyberArk Software has an average rating of "Moderate Buy" and a consensus target price of $333.00.

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.