180 Wealth Advisors LLC Sells 1,271 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

180 Wealth Advisors LLC lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 25.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,679 shares of the technology company’s stock after selling 1,271 shares during the quarter. 180 Wealth Advisors LLC’s holdings in CyberArk Software were worth $977,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CYBR. FinTrust Capital Advisors LLC bought a new stake in shares of CyberArk Software during the fourth quarter worth $34,000. Central Bank & Trust Co. bought a new stake in shares of CyberArk Software during the first quarter worth $53,000. Desjardins Global Asset Management Inc. raised its position in shares of CyberArk Software by 22.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after acquiring an additional 51 shares during the last quarter. Future Financial Wealth Managment LLC bought a new stake in shares of CyberArk Software during the first quarter worth $80,000. Finally, Principal Securities Inc. bought a new stake in CyberArk Software in the fourth quarter valued at about $100,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 2.9 %

Shares of CYBR stock traded up $7.61 on Thursday, hitting $270.40. 727,620 shares of the stock were exchanged, compared to its average volume of 572,260. The business has a 50-day moving average of $243.14 and a 200 day moving average of $242.70. CyberArk Software Ltd. has a fifty-two week low of $142.92 and a fifty-two week high of $283.00. The firm has a market capitalization of $11.43 billion, a P/E ratio of -422.50 and a beta of 1.08.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The firm had revenue of $221.55 million during the quarter, compared to analysts’ expectations of $213.42 million. As a group, research analysts forecast that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently commented on CYBR. Canaccord Genuity Group dropped their price objective on CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 4th. BTIG Research began coverage on CyberArk Software in a report on Thursday, March 28th. They issued a “buy” rating and a $317.00 price objective for the company. Wedbush reiterated an “outperform” rating and issued a $285.00 price objective on shares of CyberArk Software in a report on Friday, May 3rd. DA Davidson upped their price objective on CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a report on Wednesday, May 22nd. Finally, Bank of America reiterated a “buy” rating and issued a $315.00 price objective on shares of CyberArk Software in a 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $275.00.

CyberArk Software 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.