CyberArk Software Ltd. $CYBR Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lessened its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 8.4% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,665 shares of the technology company’s stock after selling 1,256 shares during the quarter. Cetera Investment Advisers’ holdings in CyberArk Software were worth $5,560,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in CYBR. Prudential PLC lifted its holdings in CyberArk Software by 2.4% in the 1st quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock valued at $432,000 after purchasing an additional 30 shares in the last quarter. MAI Capital Management raised its position in shares of CyberArk Software by 1.1% in the first quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock valued at $932,000 after buying an additional 31 shares during the last quarter. NewSquare Capital LLC lifted its stake in shares of CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after buying an additional 32 shares in the last quarter. Y.D. More Investments Ltd boosted its position in CyberArk Software by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock worth $2,415,000 after acquiring an additional 38 shares during the last quarter. Finally, Assetmark Inc. grew its stake in CyberArk Software by 13.9% during the 1st quarter. Assetmark Inc. now owns 327 shares of the technology company’s stock valued at $111,000 after acquiring an additional 40 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $440.07 on Monday. The firm has a market cap of $22.21 billion, a PE ratio of -130.58 and a beta of 1.01. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The business’s fifty day simple moving average is $494.48 and its 200-day simple moving average is $435.15.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.28. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 million. During the same period in the previous year, the firm earned $0.94 EPS. CyberArk Software’s revenue was up 42.8% on a year-over-year basis. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Royal Bank Of Canada reissued a “sector perform” rating and issued a $448.00 target price (up from $420.00) on shares of CyberArk Software in a research note on Thursday, July 31st. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. William Blair cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Baird R W downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 1st. Finally, Citizens Jmp cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. Eight investment analysts have rated the stock with a Buy rating, twenty-three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, CyberArk Software has a consensus rating of “Hold” and an average target price of $455.96.

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.