Commonwealth Equity Services LLC Cuts Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Commonwealth Equity Services LLC trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 1.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,750 shares of the technology company’s stock after selling 219 shares during the period. Commonwealth Equity Services LLC’s holdings in CyberArk Software were worth $2,661,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CYBR. Raymond James & Associates grew its stake in shares of CyberArk Software by 15.6% during the 1st quarter. Raymond James & Associates now owns 12,520 shares of the technology company’s stock valued at $2,113,000 after purchasing an additional 1,691 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in CyberArk Software by 86.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 7,837 shares of the technology company’s stock valued at $1,322,000 after buying an additional 3,634 shares during the period. PNC Financial Services Group Inc. grew its position in CyberArk Software by 29.8% during the first quarter. PNC Financial Services Group Inc. now owns 2,956 shares of the technology company’s stock valued at $498,000 after buying an additional 678 shares during the period. Yousif Capital Management LLC purchased a new stake in CyberArk Software during the first quarter valued at approximately $293,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its position in CyberArk Software by 16.8% in the first quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,390 shares of the technology company’s stock worth $235,000 after acquiring an additional 200 shares during the period. 91.52% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Down 2.8 %

Shares of NASDAQ CYBR opened at $139.76 on Friday. CyberArk Software Ltd. has a 12-month low of $100.35 and a 12-month high of $180.01. The stock has a market cap of $5.73 billion, a PE ratio of -43.54 and a beta of 1.08. The company has a current ratio of 2.43, a quick ratio of 2.43 and a debt-to-equity ratio of 0.84. The company has a 50-day moving average of $138.48 and a 200 day moving average of $143.07.

CyberArk Software (NASDAQ:CYBR – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The technology company reported ($0.50) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.63) by $0.13. CyberArk Software had a negative net margin of 22.03% and a negative return on equity of 17.78%. The company had revenue of $169.15 million during the quarter, compared to analysts’ expectations of $174.10 million. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -2.75 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on CYBR. Roth Capital reissued a “buy” rating on shares of CyberArk Software in a research report on Thursday, February 9th. Morgan Stanley lifted their price target on CyberArk Software from $160.00 to $173.00 and gave the stock an “overweight” rating in a research report on Friday, February 10th. Needham & Company LLC reiterated a “buy” rating and issued a $180.00 price target on shares of CyberArk Software in a research report on Friday, February 10th. KeyCorp dropped their price target on CyberArk Software from $190.00 to $189.00 and set an “overweight” rating for the company in a research report on Wednesday, November 16th. Finally, Piper Sandler decreased their price objective on shares of CyberArk Software from $190.00 to $160.00 in a research note on Thursday, January 5th. Five investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $171.18.

CyberArk Software Company Profile

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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. The firm’s products include Privilege, Access, and DevSecOps. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.