Stifel Financial Corp Sells 2,546 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Stifel Financial Corp lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBRFree Report) by 9.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 24,431 shares of the technology company’s stock after selling 2,546 shares during the period. Stifel Financial Corp owned 0.06% of CyberArk Software worth $5,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. J.P. Morgan Private Wealth Advisors LLC boosted its position in CyberArk Software by 4.3% during the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 5,158 shares of the technology company’s stock valued at $845,000 after purchasing an additional 215 shares in the last quarter. Janney Montgomery Scott LLC bought a new stake in shares of CyberArk Software in the 3rd quarter valued at about $778,000. Charles Schwab Investment Management Inc. grew its position in shares of CyberArk Software by 6.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 25,924 shares of the technology company’s stock worth $4,246,000 after buying an additional 1,466 shares during the last quarter. Van ECK Associates Corp raised its stake in shares of CyberArk Software by 6.8% during the 3rd quarter. Van ECK Associates Corp now owns 13,929 shares of the technology company’s stock worth $2,281,000 after acquiring an additional 886 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC purchased a new stake in CyberArk Software during the third quarter valued at approximately $264,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 0.9 %

Shares of NASDAQ:CYBR opened at $239.97 on Friday. The company has a market capitalization of $10.14 billion, a PE ratio of -374.95 and a beta of 1.08. CyberArk Software Ltd. has a 12-month low of $142.92 and a 12-month high of $283.00. The business has a 50 day moving average of $241.96 and a two-hundred day moving average of $237.32.

CyberArk Software (NASDAQ:CYBRGet Free Report) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.67. The firm had revenue of $221.55 million for the quarter, compared to the consensus estimate of $213.42 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. Equities research analysts predict that CyberArk Software Ltd. will post -1.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $285.00 price target on shares of CyberArk Software in a research report on Friday, May 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research report on Friday, May 3rd. JMP Securities raised their price target on CyberArk Software from $280.00 to $310.00 and gave the stock a “market outperform” rating in a report on Friday, May 24th. Needham & Company LLC restated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a research note on Monday, May 20th. Finally, Bank of America reaffirmed a “buy” rating and issued a $315.00 price objective on shares of CyberArk Software in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $270.83.

Get Our Latest Analysis on CyberArk Software

About CyberArk Software

(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.

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

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