CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by LMR Partners LLP

LMR Partners LLP reduced its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 53.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 49,105 shares of the technology company’s stock after selling 55,600 shares during the quarter. LMR Partners LLP’s holdings in CyberArk Software were worth $14,320,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in CyberArk Software during the second quarter valued at approximately $27,000. ORG Partners LLC bought a new position in CyberArk Software during the 2nd quarter valued at $33,000. 1620 Investment Advisors Inc. bought a new position in CyberArk Software during the 2nd quarter valued at $39,000. Assetmark Inc. boosted its stake in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI boosted its stake in shares of CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after acquiring an additional 54 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. BTIG Research raised their target price on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Barclays boosted their price objective on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday. Royal Bank of Canada upped their target price on shares of CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a research report on Thursday. KeyCorp boosted their price target on shares of CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Stock Performance

CyberArk Software stock opened at $305.27 on Monday. CyberArk Software Ltd. has a 52 week low of $183.28 and a 52 week high of $318.16. The firm has a market capitalization of $13.30 billion, a PE ratio of 1,130.63 and a beta of 1.13. The business’s 50-day simple moving average is $285.06 and its 200-day simple moving average is $267.28.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. During the same quarter in the previous year, the company posted ($0.31) EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. Research analysts forecast that CyberArk Software Ltd. will post -0.99 earnings per share for the current year.

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.