CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Harbour Capital Advisors LLC

Harbour Capital Advisors LLC lessened its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,346 shares of the technology company’s stock after selling 150 shares during the quarter. Harbour Capital Advisors LLC’s holdings in CyberArk Software were worth $677,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of CyberArk Software in the second quarter valued at approximately $27,000. Montag A & Associates Inc. acquired a new position in shares of CyberArk Software during the 1st quarter worth about $27,000. ORG Partners LLC acquired a new position in CyberArk Software in the second quarter valued at approximately $33,000. 1620 Investment Advisors Inc. purchased a new position in CyberArk Software in the second quarter valued at approximately $39,000. Finally, Arcadia Investment Management Corp MI lifted its position 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 buying an additional 54 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Up 0.5 %

Shares of CyberArk Software stock opened at $295.65 on Friday. The company has a 50-day moving average of $279.70 and a two-hundred day moving average of $260.85. CyberArk Software Ltd. has a 12-month low of $154.76 and a 12-month high of $299.50. The stock has a market cap of $12.49 billion, a PE ratio of -461.95 and a beta of 1.12.

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, 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 0.21% and a negative net margin of 1.53%. CyberArk Software’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period last year, the business posted ($0.58) EPS. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -1.06 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of research reports. Robert W. Baird boosted their price target on shares of CyberArk Software from $295.00 to $315.00 and gave the company an “outperform” rating in a research report on Friday, August 9th. Barclays raised their price target on CyberArk Software from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Guggenheim reiterated a “buy” rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Tuesday, June 25th. Rosenblatt Securities restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Tuesday, August 6th. Finally, Jefferies Financial Group upped their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and an average target price of $298.44.

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.