Farther Finance Advisors LLC Sells 64 Shares of CyberArk Software Ltd. $CYBR

Farther Finance Advisors LLC trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 7.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 779 shares of the technology company’s stock after selling 64 shares during the period. Farther Finance Advisors LLC’s holdings in CyberArk Software were worth $317,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of CYBR. Price T Rowe Associates Inc. MD boosted its holdings in CyberArk Software by 1,598.3% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock valued at $330,964,000 after purchasing an additional 921,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock worth $250,290,000 after acquiring an additional 335,634 shares during the last quarter. Amundi lifted its holdings in shares of CyberArk Software by 153.5% during the 1st quarter. Amundi now owns 547,466 shares of the technology company’s stock worth $179,547,000 after acquiring an additional 331,498 shares during the last quarter. Congress Asset Management Co. lifted its holdings in shares of CyberArk Software by 304.2% during the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company’s stock worth $112,476,000 after acquiring an additional 250,441 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in shares of CyberArk Software by 545.1% during the 1st quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock worth $77,862,000 after acquiring an additional 194,651 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

CYBR stock opened at $483.82 on Tuesday. CyberArk Software Ltd. has a 12-month low of $269.00 and a 12-month high of $493.85. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The firm’s 50-day moving average price is $440.55 and its two-hundred day moving average price is $391.67. The stock has a market capitalization of $23.92 billion, a price-to-earnings ratio of -143.57 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million for the quarter, compared to analysts’ expectations of $315.43 million. During the same quarter in the previous year, the company earned $0.54 earnings per share. CyberArk Software’s quarterly revenue was up 46.0% on a year-over-year basis. As a group, equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

CYBR has been the subject of several recent research reports. JMP Securities reissued a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd. Scotiabank reissued a “sector perform” rating and issued a $448.00 price target (down from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Rosenblatt Securities downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price target for the company. in a research note on Friday, August 1st. Baird R W downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Royal Bank Of Canada reissued a “sector perform” rating and issued a $448.00 price target (up from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. Twelve analysts have rated the stock with a Buy rating and nineteen have issued a Hold rating to the company. According to MarketBeat.com, CyberArk Software presently has an average rating of “Hold” and an average price target of $439.00.

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.