CyberArk Software Ltd. $CYBR Shares Sold by Cim LLC

Cim LLC lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 933 shares of the technology company’s stock after selling 36 shares during the quarter. Cim LLC’s holdings in CyberArk Software were worth $315,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. First Hawaiian Bank grew its stake in shares of CyberArk Software by 123.7% during the 1st quarter. First Hawaiian Bank now owns 8,511 shares of the technology company’s stock worth $2,877,000 after purchasing an additional 4,706 shares during the period. Rhumbline Advisers lifted its position in shares of CyberArk Software by 6.8% during the 1st quarter. Rhumbline Advisers now owns 16,164 shares of the technology company’s stock valued at $5,463,000 after buying an additional 1,034 shares in the last quarter. Strs Ohio purchased a new position in shares of CyberArk Software during the 1st quarter valued at approximately $31,957,000. Diker Management LLC purchased a new position in shares of CyberArk Software during the 1st quarter valued at approximately $676,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of CyberArk Software by 47.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 17,094 shares of the technology company’s stock valued at $5,778,000 after buying an additional 5,518 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.5%

NASDAQ CYBR opened at $471.19 on Friday. CyberArk Software Ltd. has a 52 week low of $266.64 and a 52 week high of $480.59. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The business’s fifty day simple moving average is $417.93 and its 200-day simple moving average is $379.84. The firm has a market cap of $23.29 billion, a PE ratio of -139.82 and a beta of 1.03.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The firm had revenue of $328.03 million during the quarter, compared to the consensus estimate of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The company’s quarterly revenue was up 46.0% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. As a group, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have weighed in on CYBR. Rosenblatt Securities lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price objective on the stock. in a report on Friday, August 1st. KeyCorp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Needham & Company LLC raised their price objective on CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a report on Wednesday, July 30th. Piper Sandler restated a “neutral” rating and issued a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Finally, BTIG Research lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Fourteen research analysts have rated the stock with a Buy rating and seventeen have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $435.11.

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.