Wasatch Advisors LP Sells 904,444 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Wasatch Advisors LP cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 49.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 937,485 shares of the technology company’s stock after selling 904,444 shares during the period. CyberArk Software accounts for about 1.3% of Wasatch Advisors LP’s investment portfolio, making the stock its 25th biggest position. Wasatch Advisors LP owned approximately 2.22% of CyberArk Software worth $249,024,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of CYBR. Congress Wealth Management LLC DE raised its holdings in CyberArk Software by 4.1% during the 1st quarter. Congress Wealth Management LLC DE now owns 14,798 shares of the technology company’s stock worth $3,931,000 after purchasing an additional 581 shares during the last quarter. Diversified Trust Co lifted its holdings in CyberArk Software by 11.3% in the first quarter. Diversified Trust Co now owns 3,831 shares of the technology company’s stock valued at $1,018,000 after buying an additional 390 shares during the period. Hennion & Walsh Asset Management Inc. boosted its stake in CyberArk Software by 38.7% in the first quarter. Hennion & Walsh Asset Management Inc. now owns 4,367 shares of the technology company’s stock valued at $1,160,000 after acquiring an additional 1,219 shares during the last quarter. First Dallas Securities Inc. lifted its stake in shares of CyberArk Software by 3.2% in the 1st quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock valued at $425,000 after purchasing an additional 50 shares during the period. Finally, KRS Capital Management LLC boosted its position in shares of CyberArk Software by 9.4% in the 1st quarter. KRS Capital Management LLC now owns 2,800 shares of the technology company’s stock worth $744,000 after purchasing an additional 240 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Up 0.4 %

Shares of CYBR traded up $0.98 during midday trading on Tuesday, reaching $270.65. The stock had a trading volume of 277,063 shares, compared to its average volume of 570,496. The firm has a market cap of $11.44 billion, a PE ratio of -422.89 and a beta of 1.14. The firm has a 50 day simple moving average of $245.24 and a 200-day simple moving average of $244.70. CyberArk Software Ltd. has a one year low of $142.92 and a one year high of $283.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $213.42 million. As a group, research analysts forecast that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on CYBR. Guggenheim restated a “buy” rating and set a $300.00 target price on shares of CyberArk Software in a research report on Tuesday, June 25th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a report on Friday, June 21st. JMP Securities reissued a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Monday, June 17th. Wedbush reaffirmed an “outperform” rating and set a $285.00 price objective on shares of CyberArk Software in a research note on Friday, May 3rd. Finally, DA Davidson boosted their target price on CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $275.00.

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.