Wasatch Advisors LP Sells 904,444 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Wasatch Advisors LP trimmed its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 49.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 937,485 shares of the technology company’s stock after selling 904,444 shares during the quarter. CyberArk Software accounts for 1.3% of Wasatch Advisors LP’s portfolio, making the stock its 25th biggest holding. Wasatch Advisors LP’s holdings in CyberArk Software were worth $249,024,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of CyberArk Software by 6.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 25,924 shares of the technology company’s stock valued at $4,246,000 after buying an additional 1,466 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of CyberArk Software by 1.8% in the 3rd quarter. Rhumbline Advisers now owns 17,726 shares of the technology company’s stock worth $2,903,000 after purchasing an additional 319 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in shares of CyberArk Software by 36.4% in the 3rd quarter. Kestra Advisory Services LLC now owns 1,883 shares of the technology company’s stock worth $308,000 after purchasing an additional 503 shares in the last quarter. LPL Financial LLC raised its stake in shares of CyberArk Software by 9.7% in the third quarter. LPL Financial LLC now owns 31,759 shares of the technology company’s stock worth $5,209,000 after purchasing an additional 2,812 shares during the last quarter. Finally, Mariner LLC lifted its holdings in shares of CyberArk Software by 4.3% during the third quarter. Mariner LLC now owns 4,826 shares of the technology company’s stock valued at $790,000 after purchasing an additional 198 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CYBR shares. Canaccord Genuity Group decreased their target price on CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 4th. JMP Securities restated a “market outperform” rating and set a $310.00 price objective on shares of CyberArk Software in a research report on Monday, June 17th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research report on Wednesday, May 1st. DA Davidson increased their price target on CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Finally, Guggenheim reaffirmed a “buy” rating and issued a $300.00 price objective on shares of CyberArk Software in a report on Tuesday, June 25th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $275.00.

CyberArk Software Trading Up 0.4 %

CYBR traded up $0.98 on Tuesday, hitting $270.65. 277,063 shares of the company’s stock traded hands, compared to its average volume of 570,496. The company’s 50 day simple moving average is $245.24 and its 200-day simple moving average is $244.70. CyberArk Software Ltd. has a one year low of $142.92 and a one year high of $283.00. The firm has a market cap of $11.44 billion, a price-to-earnings ratio of -422.89 and a beta of 1.14.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The business had revenue of $221.55 million during the quarter, compared to analyst estimates of $213.42 million. As a group, equities analysts anticipate that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

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.