GSA Capital Partners LLP Reduces Stock Position in Cyberark Software Ltd (NASDAQ:CYBR)

GSA Capital Partners LLP lessened its stake in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 6.2% during the second quarter, HoldingsChannel.com reports. The fund owned 10,937 shares of the technology company’s stock after selling 720 shares during the quarter. GSA Capital Partners LLP’s holdings in Cyberark Software were worth $1,398,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Truvestments Capital LLC purchased a new position in shares of Cyberark Software in the second quarter worth approximately $26,000. Advisory Services Network LLC boosted its holdings in shares of Cyberark Software by 2,490.0% in the first quarter. Advisory Services Network LLC now owns 259 shares of the technology company’s stock worth $31,000 after buying an additional 249 shares during the last quarter. NEXT Financial Group Inc boosted its holdings in shares of Cyberark Software by 59.5% in the second quarter. NEXT Financial Group Inc now owns 319 shares of the technology company’s stock worth $41,000 after buying an additional 119 shares during the last quarter. Global Retirement Partners LLC boosted its holdings in shares of Cyberark Software by 100.0% in the first quarter. Global Retirement Partners LLC now owns 400 shares of the technology company’s stock worth $48,000 after buying an additional 200 shares during the last quarter. Finally, Duncker Streett & Co. Inc. purchased a new position in shares of Cyberark Software in the first quarter worth approximately $60,000. 75.10% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have commented on CYBR shares. Evercore ISI set a $140.00 target price on shares of Cyberark Software and gave the stock a “buy” rating in a research note on Wednesday, August 7th. Zacks Investment Research upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a research note on Tuesday, August 13th. Dougherty & Co raised their target price on shares of Cyberark Software from $140.00 to $145.00 and gave the stock a “buy” rating in a research note on Thursday, August 8th. JMP Securities restated an “outperform” rating and set a $135.00 target price (up previously from $130.00) on shares of Cyberark Software in a research note on Tuesday, May 14th. Finally, Bank of America raised their target price on shares of Cyberark Software from $116.00 to $145.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and nineteen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $124.52.

Shares of Cyberark Software stock traded down $1.99 on Friday, hitting $115.84. 558,199 shares of the company traded hands, compared to its average volume of 956,053. The stock has a market capitalization of $4.45 billion, a P/E ratio of 81.01, a price-to-earnings-growth ratio of 5.80 and a beta of 1.58. Cyberark Software Ltd has a 52 week low of $64.66 and a 52 week high of $148.74. The business has a 50-day simple moving average of $130.05 and a 200 day simple moving average of $121.56.

Cyberark Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, August 7th. The technology company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.34. The firm had revenue of $100.18 million for the quarter, compared to analysts’ expectations of $97.35 million. Cyberark Software had a net margin of 15.23% and a return on equity of 13.47%. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.36 earnings per share. As a group, research analysts anticipate that Cyberark Software Ltd will post 1.29 earnings per share for the current year.

Cyberark Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

Further Reading: How mutual funds make money

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Institutional Ownership by Quarter for Cyberark Software (NASDAQ:CYBR)

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