Freedom Investment Management Inc. Trims Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Freedom Investment Management Inc. trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,231 shares of the technology company’s stock after selling 66 shares during the quarter. Freedom Investment Management Inc.’s holdings in CyberArk Software were worth $651,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CYBR. International Assets Investment Management LLC bought a new stake in shares of CyberArk Software in the 3rd quarter worth approximately $82,485,000. Anomaly Capital Management LP bought a new stake in CyberArk Software in the second quarter worth $49,145,000. Clearbridge Investments LLC grew its stake in shares of CyberArk Software by 250.0% in the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after acquiring an additional 160,269 shares during the last quarter. Hood River Capital Management LLC grew its stake in shares of CyberArk Software by 59.2% in the second quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company’s stock worth $61,132,000 after acquiring an additional 83,172 shares during the last quarter. Finally, Point72 Asset Management L.P. increased its holdings in shares of CyberArk Software by 89.2% during the second quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock valued at $45,745,000 after acquiring an additional 78,887 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $318.78 on Friday. The company has a fifty day moving average of $294.26 and a 200 day moving average of $272.40. The company has a market capitalization of $13.89 billion, a P/E ratio of 1,180.71 and a beta of 1.13. CyberArk Software Ltd. has a fifty-two week low of $192.57 and a fifty-two week high of $332.05.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.31) earnings per share. Analysts forecast that CyberArk Software Ltd. will post -0.62 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Susquehanna upped their price target on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Royal Bank of Canada increased their price target on shares of CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. Robert W. Baird boosted their price objective on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Barclays upped their price objective on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Tuesday, August 6th. One research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average price target of $328.37.

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.