Banque Cantonale Vaudoise Has $3.17 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Banque Cantonale Vaudoise decreased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 5.1% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,574 shares of the technology company’s stock after selling 627 shares during the quarter. Banque Cantonale Vaudoise’s holdings in CyberArk Software were worth $3,165,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in CYBR. Montag A & Associates Inc. acquired a new position in shares of CyberArk Software during the 1st quarter worth approximately $27,000. Mather Group LLC. acquired a new position in shares of CyberArk Software during the 2nd quarter worth approximately $27,000. ORG Partners LLC acquired a new position in shares of CyberArk Software during the 2nd quarter worth approximately $33,000. Blue Bell Private Wealth Management LLC acquired a new position in shares of CyberArk Software during the 1st quarter worth approximately $34,000. Finally, FinTrust Capital Advisors LLC acquired a new position in shares of CyberArk Software during the 4th quarter worth approximately $34,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Tuesday, August 6th. Canaccord Genuity Group decreased their price objective on CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Friday, August 9th. Barclays upped their price objective on CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a report on Thursday, July 11th. Finally, Wedbush upped their price objective on CyberArk Software from $285.00 to $300.00 and gave the company 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 assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $290.83.

CyberArk Software Stock Up 0.1 %

CyberArk Software stock traded up $0.23 during trading hours on Friday, hitting $286.74. The stock had a trading volume of 385,631 shares, compared to its average volume of 540,336. The stock has a market cap of $12.12 billion, a price-to-earnings ratio of -448.03 and a beta of 1.14. CyberArk Software Ltd. has a one year low of $152.03 and a one year high of $293.31. The business’s 50 day simple moving average is $268.28 and its 200-day simple moving average is $256.44.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. The firm had revenue of $224.71 million during the quarter, compared to the consensus estimate of $219.06 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The business’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period last year, the company earned ($0.58) earnings per share. Research analysts anticipate that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

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.