Benjamin Edwards Inc. Sells 510 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Benjamin Edwards Inc. reduced its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 27.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,335 shares of the technology company’s stock after selling 510 shares during the period. Benjamin Edwards Inc.’s holdings in CyberArk Software were worth $365,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the business. First Dallas Securities Inc. increased its stake in shares of CyberArk Software by 3.2% in the first quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock worth $425,000 after purchasing an additional 50 shares in the last quarter. Arcadia Investment Management Corp MI raised its holdings in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the period. Legato Capital Management LLC lifted its position in shares of CyberArk Software by 3.7% in the second quarter. Legato Capital Management LLC now owns 1,940 shares of the technology company’s stock valued at $530,000 after acquiring an additional 70 shares in the last quarter. George Kaiser Family Foundation boosted its stake in shares of CyberArk Software by 0.7% in the second quarter. George Kaiser Family Foundation now owns 12,432 shares of the technology company’s stock worth $3,399,000 after acquiring an additional 88 shares during the period. Finally, Fulton Bank N.A. boosted its stake in shares of CyberArk Software by 4.5% in the second quarter. Fulton Bank N.A. now owns 2,151 shares of the technology company’s stock worth $588,000 after acquiring an additional 92 shares during the period. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of research analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Friday, August 9th. JMP Securities restated a “market outperform” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Monday, June 17th. Royal Bank of Canada started coverage on shares of CyberArk Software in a research note on Friday. They set an “outperform” rating and a $328.00 target price for the company. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of CyberArk Software in a research note on Tuesday, June 25th. Finally, Citigroup increased their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average price target of $292.32.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $280.62 on Friday. The company has a market cap of $11.86 billion, a P/E ratio of -438.47 and a beta of 1.11. The firm has a 50-day simple moving average of $268.97 and a two-hundred day simple moving average of $257.75. CyberArk Software Ltd. has a 1 year low of $152.03 and a 1 year high of $293.31.

CyberArk Software (NASDAQ:CYBR) last posted 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. 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 analysts’ expectations of $219.06 million. During the same quarter in the previous year, the business earned ($0.58) EPS. CyberArk Software’s revenue was up 27.8% compared to the same quarter last year. As a group, equities research analysts expect that CyberArk Software Ltd. will post -1.06 EPS for the current year.

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.