Federated Hermes Inc. Sells 925 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Federated Hermes Inc. lessened its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 209,242 shares of the technology company’s stock after selling 925 shares during the period. Federated Hermes Inc. owned 0.50% of CyberArk Software worth $57,211,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Montag A & Associates Inc. bought a new position in shares of CyberArk Software in the 1st quarter worth $27,000. Mather Group LLC. acquired a new position in shares of CyberArk Software in the 2nd quarter valued at $27,000. ORG Partners LLC acquired a new stake in shares of CyberArk Software during the second quarter worth about $33,000. Blue Bell Private Wealth Management LLC acquired a new stake in CyberArk Software during the 1st quarter worth approximately $34,000. Finally, FinTrust Capital Advisors LLC bought a new stake in shares of CyberArk Software in the fourth quarter valued at about $34,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

CyberArk Software stock opened at $271.53 on Friday. The business has a 50 day moving average of $268.72 and a 200-day moving average of $257.39. CyberArk Software Ltd. has a 1 year low of $152.03 and a 1 year high of $293.31. The company has a market capitalization of $11.47 billion, a P/E ratio of -424.27 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. During the same quarter in the previous year, the business earned ($0.58) earnings per share. CyberArk Software’s revenue was up 27.8% compared to the same quarter last year. Equities analysts anticipate that CyberArk Software Ltd. will post -1.06 EPS for the current year.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of recent research reports. Barclays boosted their target price on shares of CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Canaccord Genuity Group dropped their price target on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research report on Tuesday, June 4th. Guggenheim reissued a “buy” rating and set a $300.00 price target on shares of CyberArk Software in a research report on Tuesday, June 25th. Susquehanna lifted their price objective on CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a report on Friday, August 9th. Finally, Robert W. Baird increased their target price on CyberArk Software from $295.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $290.83.

About CyberArk Software

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.