CyberArk Software Ltd. $CYBR Shares Sold by Orion Porfolio Solutions LLC

Orion Porfolio Solutions LLC trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 70.1% during the third quarter, Holdings Channel reports. The firm owned 3,844 shares of the technology company’s stock after selling 9,016 shares during the quarter. Orion Porfolio Solutions LLC’s holdings in CyberArk Software were worth $1,857,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. Sheets Smith Wealth Management boosted its position in shares of CyberArk Software by 0.7% in the 3rd quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock worth $1,518,000 after buying an additional 23 shares in the last quarter. Portside Wealth Group LLC grew its stake in CyberArk Software by 1.1% in the 3rd quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock valued at $989,000 after acquiring an additional 23 shares during the last quarter. Signal Advisors Wealth LLC increased its holdings in CyberArk Software by 0.6% during the 3rd quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock valued at $1,892,000 after acquiring an additional 24 shares in the last quarter. Level Four Advisory Services LLC increased its holdings in CyberArk Software by 0.6% during the 3rd quarter. Level Four Advisory Services LLC now owns 3,884 shares of the technology company’s stock valued at $1,877,000 after acquiring an additional 25 shares in the last quarter. Finally, UMB Bank n.a. raised its position in CyberArk Software by 50.0% during the third quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock worth $42,000 after acquiring an additional 29 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $408.85 on Thursday. The company has a 50-day simple moving average of $425.65 and a 200-day simple moving average of $458.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.00 and a quick ratio of 2.14. The company has a market cap of $20.64 billion, a PE ratio of -139.54, a price-to-earnings-growth ratio of 18.11 and a beta of 0.91. CyberArk Software Ltd. has a 12 month low of $288.63 and a 12 month high of $526.19.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.18. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The business had revenue of $372.65 million for the quarter, compared to the consensus estimate of $377.22 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. The company’s quarterly revenue was up 18.5% compared to the same quarter last year. On average, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Piper Sandler set a $474.00 price objective on CyberArk Software in a research report on Wednesday, December 17th. JPMorgan Chase & Co. reduced their target price on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research note on Monday, February 9th. DA Davidson increased their target price on CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Barclays dropped their price target on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a research report on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, CyberArk Software presently has an average rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.