CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Alps Advisors Inc.

by · The Cerbat Gem

Alps Advisors Inc. reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) by 6.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,909 shares of the technology company’s stock after selling 584 shares during the quarter. Alps Advisors Inc.’s holdings in CyberArk Software were worth $2,673,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CYBR. Thoma Bravo L.P. acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $380,637,000. First Trust Advisors LP boosted its position in shares of CyberArk Software by 2.3% in the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company’s stock valued at $313,084,000 after purchasing an additional 20,832 shares during the period. Pictet Asset Management Holding SA grew its stake in CyberArk Software by 8.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock worth $292,651,000 after buying an additional 68,359 shares during the last quarter. Norges Bank acquired a new position in CyberArk Software during the fourth quarter worth approximately $203,375,000. Finally, Driehaus Capital Management LLC lifted its stake in CyberArk Software by 31.5% in the fourth quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company’s stock valued at $159,278,000 after buying an additional 114,622 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CYBR. Barclays restated an “overweight” rating on shares of CyberArk Software in a research report on Tuesday, May 13th. KeyCorp reduced their price target on shares of CyberArk Software from $485.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Royal Bank Of Canada reiterated an “outperform” rating and issued a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th. Morgan Stanley reiterated an “equal weight” rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $400.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $416.79.

Check Out Our Latest Analysis on CYBR

CyberArk Software Stock Down 0.4%

Shares of CYBR opened at $374.80 on Friday. The company has a 50-day simple moving average of $382.87 and a 200-day simple moving average of $362.16. The company has a market capitalization of $18.53 billion, a PE ratio of -201.51 and a beta of 1.00. CyberArk Software Ltd. has a 52-week low of $230.00 and a 52-week high of $421.00.

CyberArk Software (NASDAQ:CYBR – Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The business’s revenue was up 43.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. On average, research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Company Profile

(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.

Further Reading

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