CyberArk Software Ltd. (NASDAQ:CYBR) Holdings Reduced by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,566 shares of the technology company’s stock after selling 505 shares during the period. Perfromance Wealth Partners LLC’s holdings in CyberArk Software were worth $1,881,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in the business. Rhumbline Advisers increased its position in CyberArk Software by 3.4% in the 4th quarter. Rhumbline Advisers now owns 15,130 shares of the technology company’s stock valued at $5,041,000 after acquiring an additional 499 shares during the period. Principal Securities Inc. grew its stake in shares of CyberArk Software by 6.6% in the fourth quarter. Principal Securities Inc. now owns 1,190 shares of the technology company’s stock worth $396,000 after purchasing an additional 74 shares in the last quarter. Allworth Financial LP grew its stake in shares of CyberArk Software by 86.7% in the fourth quarter. Allworth Financial LP now owns 534 shares of the technology company’s stock worth $192,000 after purchasing an additional 248 shares in the last quarter. Sanctuary Advisors LLC increased its holdings in shares of CyberArk Software by 3.0% during the fourth quarter. Sanctuary Advisors LLC now owns 8,149 shares of the technology company’s stock valued at $2,715,000 after purchasing an additional 235 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in shares of CyberArk Software by 13.1% during the fourth quarter. CIBC Asset Management Inc now owns 4,590 shares of the technology company’s stock valued at $1,529,000 after purchasing an additional 531 shares during the period. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 1.4%

Shares of CYBR opened at $383.05 on Friday. The business’s 50-day moving average price is $365.25 and its 200 day moving average price is $353.85. The stock has a market capitalization of $18.93 billion, a P/E ratio of -205.94 and a beta of 0.99. CyberArk Software Ltd. has a 1-year low of $230.00 and a 1-year high of $421.00.

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

Analysts Set New Price Targets

Several equities research analysts recently weighed in on CYBR shares. Truist Financial reduced their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a “buy” rating for the company in a report on Monday, March 31st. Morgan Stanley restated an “equal weight” rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Needham & Company LLC reiterated a “buy” rating and issued a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. Royal Bank Of Canada reiterated an “outperform” rating and set a $420.00 price objective on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $400.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $416.79.

CyberArk Software Company 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.