CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 96,843 shares of the technology company’s stock after selling 2,395 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.23% of CyberArk Software worth $26,479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oppenheimer Asset Management Inc. raised its position in shares of CyberArk Software by 31.7% in the second quarter. Oppenheimer Asset Management Inc. now owns 13,333 shares of the technology company’s stock valued at $3,646,000 after buying an additional 3,208 shares during the last quarter. O Neil Global Advisors Inc. purchased a new stake in CyberArk Software in the 2nd quarter valued at about $1,812,000. Westover Capital Advisors LLC increased its holdings in CyberArk Software by 2.4% in the 2nd quarter. Westover Capital Advisors LLC now owns 14,457 shares of the technology company’s stock valued at $3,953,000 after purchasing an additional 340 shares during the last quarter. Prevail Innovative Wealth Advisors LLC lifted its stake in CyberArk Software by 29.7% during the second quarter. Prevail Innovative Wealth Advisors LLC now owns 7,917 shares of the technology company’s stock worth $2,165,000 after purchasing an additional 1,815 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of CyberArk Software by 10.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 2,444 shares of the technology company’s stock valued at $657,000 after buying an additional 229 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $280.62 on Friday. CyberArk Software Ltd. has a 1-year low of $152.03 and a 1-year high of $293.31. The firm has a fifty day moving average price of $268.97 and a 200 day moving average price of $257.78. The stock has a market cap of $11.86 billion, a P/E ratio of -438.47 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last released 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 net margin of 1.53% and a negative return on equity of 0.21%. The company had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter last year, the business earned ($0.58) EPS. The business’s revenue was up 27.8% on a year-over-year basis. Sell-side analysts expect that CyberArk Software Ltd. will post -1.06 EPS for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the topic of several research reports. Cantor Fitzgerald reissued an “overweight” rating and set a $300.00 price target on shares of CyberArk Software in a research report on Friday, August 9th. Royal Bank of Canada began coverage on CyberArk Software in a research note on Friday. They set an “outperform” rating and a $328.00 target price for the company. Barclays increased their price target on CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. Wedbush boosted their price objective on CyberArk Software from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Finally, Citigroup raised their target price 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 analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $292.32.

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.