Integrated Advisors Network LLC Sells 174 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Integrated Advisors Network LLC lessened its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 0.7% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,910 shares of the technology company’s stock after selling 174 shares during the quarter. Integrated Advisors Network LLC’s holdings in CyberArk Software were worth $7,556,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Greenleaf Trust lifted its stake in shares of CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after purchasing an additional 45 shares during the last quarter. Signaturefd LLC raised its holdings in CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after purchasing an additional 49 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares during the last quarter. Juncture Wealth Strategies LLC boosted its holdings in shares of CyberArk Software by 2.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after buying an additional 57 shares in the last quarter. Finally, Legato Capital Management LLC grew its position in shares of CyberArk Software by 3.7% in the 2nd quarter. Legato Capital Management LLC now owns 1,940 shares of the technology company’s stock worth $530,000 after buying an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $287.75 on Tuesday. The stock has a market capitalization of $12.16 billion, a P/E ratio of -449.61 and a beta of 1.12. The business has a 50 day simple moving average of $282.30 and a two-hundred day simple moving average of $262.62. CyberArk Software Ltd. has a 12 month low of $155.72 and a 12 month high of $308.63.

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

Analyst Ratings Changes

CYBR has been the subject of a number of analyst reports. Wedbush increased their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Citigroup increased their price objective on CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 9th. Oppenheimer boosted their target price on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Susquehanna raised their price target on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a report on Friday, August 9th. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $310.00 price target 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-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $306.58.

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.