CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC lessened its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,346 shares of the technology company’s stock after selling 150 shares during the quarter. Harbour Capital Advisors LLC’s holdings in CyberArk Software were worth $677,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its position in CyberArk Software by 64.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company’s stock worth $1,951,000 after purchasing an additional 2,885 shares in the last quarter. Congress Asset Management Co. MA boosted its holdings in CyberArk Software by 29.3% during the first quarter. Congress Asset Management Co. MA now owns 50,097 shares of the technology company’s stock worth $13,307,000 after buying an additional 11,345 shares in the last quarter. Russell Investments Group Ltd. grew its position in CyberArk Software by 58.3% during the first quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock valued at $8,830,000 after buying an additional 12,242 shares during the period. Quadrature Capital Ltd purchased a new position in CyberArk Software in the first quarter valued at $2,741,000. Finally, Price T Rowe Associates Inc. MD raised its position in shares of CyberArk Software by 715.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company’s stock worth $14,946,000 after acquiring an additional 49,360 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. Mizuho upped their target price on CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday. Royal Bank of Canada started coverage on shares of CyberArk Software in a research note on Friday, September 20th. They issued an “outperform” rating and a $328.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Friday, August 9th. Finally, Wedbush lifted their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. One analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $298.44.

CyberArk Software Price Performance

CyberArk Software stock opened at $295.65 on Friday. The firm has a 50 day simple moving average of $279.70 and a 200-day simple moving average of $260.85. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of -461.95 and a beta of 1.12. CyberArk Software Ltd. has a 1-year low of $154.76 and a 1-year high of $299.50.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The company had revenue of $224.71 million during the quarter, compared to analyst estimates of $219.06 million. During the same period in the prior year, the business posted ($0.58) earnings per share. The firm’s revenue for the quarter was up 27.8% compared to the same quarter last year. Equities analysts expect that CyberArk Software Ltd. will post -1.06 earnings per share for the current fiscal year.

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.