Wealth Alliance Sells 379 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Wealth Alliance lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 16.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,953 shares of the technology company’s stock after selling 379 shares during the period. Wealth Alliance’s holdings in CyberArk Software were worth $534,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CYBR. Principal Securities Inc. acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $100,000. Vanguard Personalized Indexing Management LLC raised its position in shares of CyberArk Software by 16.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,876 shares of the technology company’s stock worth $411,000 after purchasing an additional 264 shares during the period. Janney Montgomery Scott LLC raised its position in shares of CyberArk Software by 63.4% during the fourth quarter. Janney Montgomery Scott LLC now owns 7,766 shares of the technology company’s stock worth $1,701,000 after purchasing an additional 3,014 shares during the period. Norges Bank acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $100,797,000. Finally, PNC Financial Services Group Inc. raised its position in shares of CyberArk Software by 23.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the technology company’s stock worth $749,000 after purchasing an additional 648 shares during the period. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 1.8 %

Shares of NASDAQ CYBR opened at $268.04 on Thursday. CyberArk Software Ltd. has a 12 month low of $152.03 and a 12 month high of $293.31. The stock has a 50 day moving average of $268.71 and a 200-day moving average of $257.54. The company has a market capitalization of $11.33 billion, a P/E ratio of -418.81 and a beta of 1.11.

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

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $310.00 price target on shares of CyberArk Software in a research report on Monday, June 17th. Needham & Company LLC reissued a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. Barclays lifted their target price on CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. Finally, Guggenheim reissued a “buy” rating and issued a $300.00 target price on shares of CyberArk Software in a research report on Tuesday, June 25th. Two equities 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 company currently has an average rating of “Moderate Buy” and an average target price of $290.83.

About CyberArk Software

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.