CyberArk Software Ltd. (NASDAQ:CYBR) Stake Lowered by Tidal Investments LLC

Tidal Investments LLC cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,178 shares of the technology company’s stock after selling 102 shares during the quarter. Tidal Investments LLC’s holdings in CyberArk Software were worth $9,092,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of CYBR. International Assets Investment Management LLC bought a new position in CyberArk Software in the 3rd quarter worth $82,485,000. Anomaly Capital Management LP bought a new position in CyberArk Software in the 2nd quarter worth approximately $49,145,000. Clearbridge Investments LLC lifted its holdings in shares of CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after buying 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 position in 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 worth $45,745,000 after acquiring an additional 78,887 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $321.54 on Friday. CyberArk Software Ltd. has a 52-week low of $198.01 and a 52-week high of $333.32. The stock has a market cap of $14.01 billion, a P/E ratio of 1,190.93 and a beta of 1.13. The firm has a 50 day moving average price of $302.18 and a 200 day moving average price of $277.92.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm’s revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) EPS. Analysts predict that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several research analyst reports. Robert W. Baird raised their price target on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. StockNews.com upgraded shares of CyberArk Software from a “hold” rating to a “buy” rating in a research report on Monday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $335.00 price objective on shares of CyberArk Software in a report on Thursday, November 14th. Royal Bank of Canada boosted their price target on CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Finally, Oppenheimer increased their price objective on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus target price of $331.46.

CyberArk Software Company 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.