National Bank of Canada FI Reduces Position in CyberArk Software Ltd. (NASDAQ:CYBR)

National Bank of Canada FI lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 99.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 166 shares of the technology company’s stock after selling 258,694 shares during the quarter. National Bank of Canada FI’s holdings in CyberArk Software were worth $45,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. Norges Bank purchased a new stake in CyberArk Software during the 4th quarter worth about $100,797,000. Whale Rock Capital Management LLC grew its stake in CyberArk Software by 21.6% during the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock valued at $122,144,000 after acquiring an additional 81,801 shares in the last quarter. Swedbank AB bought a new stake in CyberArk Software during the 1st quarter worth approximately $109,466,000. Acadian Asset Management LLC lifted its stake in CyberArk Software by 38.2% in the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock worth $107,642,000 after purchasing an additional 112,112 shares in the last quarter. Finally, 1832 Asset Management L.P. boosted its holdings in CyberArk Software by 1,291.7% in the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after purchasing an additional 358,602 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Barclays increased their price objective on CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. JMP Securities restated a “market outperform” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Monday, June 17th. Robert W. Baird lifted their target price 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. Guggenheim restated a “buy” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Tuesday, June 25th. Finally, KeyCorp upped their target price on shares of CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.83.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $271.53 on Monday. The firm has a market cap of $11.47 billion, a P/E ratio of -424.27 and a beta of 1.11. The business’s 50 day moving average price is $268.72 and its 200-day moving average price is $257.35. CyberArk Software Ltd. has a fifty-two week low of $152.03 and a fifty-two week high of $293.31.

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

CyberArk Software 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.