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

nVerses Capital LLC trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 90.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 200 shares of the technology company’s stock after selling 1,800 shares during the quarter. nVerses Capital LLC’s holdings in CyberArk Software were worth $58,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Swedbank AB lifted its holdings in shares of CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after purchasing an additional 45,799 shares during the period. Creative Planning lifted its stake in shares of CyberArk Software by 14.0% in the 3rd quarter. Creative Planning now owns 11,971 shares of the technology company’s stock worth $3,491,000 after acquiring an additional 1,471 shares during the period. Juncture Wealth Strategies LLC lifted its stake in shares of CyberArk Software by 2.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock worth $825,000 after acquiring an additional 57 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of CyberArk Software in the third quarter valued at about $87,000. Finally, Diversified Trust Co increased its stake in shares of CyberArk Software by 3.1% during the third quarter. Diversified Trust Co now owns 2,498 shares of the technology company’s stock worth $728,000 after acquiring an additional 76 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $300.06 on Tuesday. The company has a 50-day simple moving average of $280.81 and a 200-day simple moving average of $261.38. The company has a market cap of $12.68 billion, a PE ratio of -468.84 and a beta of 1.12. CyberArk Software Ltd. has a 12 month low of $154.76 and a 12 month high of $308.63.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results 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. 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 firm posted ($0.58) EPS. CyberArk Software’s revenue was up 27.8% on a year-over-year basis. On average, analysts anticipate that CyberArk Software Ltd. will post -1.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on CYBR. Scotiabank started coverage on CyberArk Software in a report on Monday. They issued a “sector outperform” rating and a $340.00 price objective on the stock. BTIG Research upped their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Rosenblatt Securities reiterated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Tuesday, August 6th. Wedbush boosted their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Finally, Jefferies Financial Group increased their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $301.19.

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.