Sen. Markwayne Mullin Sells Off Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of CyberArk Software Ltd. (NASDAQ:CYBR). In a filing disclosed on December 31st, the Senator disclosed that they had sold between $1,001 and $15,000 in CyberArk Software stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Axon Enterprise (NASDAQ:AXON) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Sprouts Farmers Market (NASDAQ:SFM) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Badger Meter (NYSE:BMI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Freshpet (NASDAQ:FRPT) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of e.l.f. Beauty (NYSE:ELF) on 12/18/2024.

CyberArk Software Trading Up 0.8 %

NASDAQ:CYBR opened at $335.66 on Friday. CyberArk Software Ltd. has a 1-year low of $209.50 and a 1-year high of $348.02. The firm has a market capitalization of $14.63 billion, a price-to-earnings ratio of 1,243.23 and a beta of 1.13. The business’s 50-day moving average price is $310.94 and its two-hundred day moving average price is $286.38.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. During the same quarter last year, the business posted ($0.31) EPS. The firm’s revenue was up 25.6% compared to the same quarter last year. Sell-side analysts predict that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of CYBR. IFG Advisory LLC bought a new stake in CyberArk Software in the 2nd quarter valued at $203,000. Van ECK Associates Corp boosted its position in shares of CyberArk Software by 16.0% in the second quarter. Van ECK Associates Corp now owns 16,574 shares of the technology company’s stock valued at $4,532,000 after acquiring an additional 2,289 shares during the period. Spire Wealth Management acquired a new position in shares of CyberArk Software in the second quarter valued at about $328,000. Farther Finance Advisors LLC increased its position in CyberArk Software by 23.0% during the second quarter. Farther Finance Advisors LLC now owns 1,023 shares of the technology company’s stock worth $276,000 after acquiring an additional 191 shares during the period. Finally, CIBC Asset Management Inc increased its position in CyberArk Software by 6.4% during the second quarter. CIBC Asset Management Inc now owns 3,814 shares of the technology company’s stock worth $1,043,000 after acquiring an additional 228 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Robert W. Baird increased their price objective on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Canaccord Genuity Group increased their target price on CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Piper Sandler boosted their price target on CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Susquehanna upped their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, BTIG Research lifted their target price on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $341.44.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.