CyberArk Software Ltd. $CYBR Shares Sold by D.A. Davidson & CO.

D.A. Davidson & CO. cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 22.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 513 shares of the technology company’s stock after selling 145 shares during the period. D.A. Davidson & CO.’s holdings in CyberArk Software were worth $209,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CYBR. Price T Rowe Associates Inc. MD increased its holdings in shares of CyberArk Software by 1,598.3% during the first 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 boosted its position in shares of CyberArk Software by 82.9% in 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 valued at $250,290,000 after purchasing an additional 335,634 shares during the period. Amundi boosted its position in shares of CyberArk Software by 153.5% in the 1st quarter. Amundi now owns 547,466 shares of the technology company’s stock valued at $179,547,000 after purchasing an additional 331,498 shares during the period. BNP Paribas Financial Markets boosted its position in 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 period. Finally, Invesco Ltd. lifted its holdings in shares of CyberArk Software by 12.2% during the 1st quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after buying an additional 122,423 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Baird R W downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Canaccord Genuity Group lowered CyberArk Software from a “buy” rating to a “hold” rating and boosted their price target for the company from $440.00 to $502.00 in a research note on Wednesday, October 15th. Scotiabank reaffirmed a “sector perform” rating and issued a $448.00 price target (down from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Piper Sandler reiterated a “neutral” rating and issued a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Finally, Robert W. Baird restated a “neutral” rating and issued a $460.00 price target on shares of CyberArk Software in a report on Friday, August 1st. Ten analysts have rated the stock with a Buy rating, twenty-one have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $448.85.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $520.78 on Friday. CyberArk Software Ltd. has a 52 week low of $271.68 and a 52 week high of $526.19. The stock has a market capitalization of $26.29 billion, a PE ratio of -154.53 and a beta of 1.01. The stock has a 50 day moving average price of $484.32 and a 200 day moving average price of $418.43. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. During the same period in the previous year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up 46.0% compared to the same quarter last year. Analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.