CyberArk Software Ltd. $CYBR Shares Sold by Trivium Point Advisory LLC

Trivium Point Advisory LLC trimmed its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 96.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 594 shares of the technology company’s stock after selling 15,938 shares during the period. Trivium Point Advisory LLC’s holdings in CyberArk Software were worth $287,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in CYBR. TIAA Trust National Association raised its position in CyberArk Software by 3.4% in the third quarter. TIAA Trust National Association now owns 32,063 shares of the technology company’s stock valued at $15,491,000 after purchasing an additional 1,047 shares during the period. Diversify Wealth Management LLC grew its stake in shares of CyberArk Software by 2.9% in the third quarter. Diversify Wealth Management LLC now owns 4,904 shares of the technology company’s stock valued at $2,545,000 after buying an additional 137 shares in the last quarter. Integrated Advisors Network LLC grew its stake in shares of CyberArk Software by 9.6% in the third quarter. Integrated Advisors Network LLC now owns 29,751 shares of the technology company’s stock valued at $14,374,000 after buying an additional 2,616 shares in the last quarter. Choreo LLC raised its holdings in shares of CyberArk Software by 141.4% in the 3rd quarter. Choreo LLC now owns 1,736 shares of the technology company’s stock valued at $839,000 after buying an additional 1,017 shares during the period. Finally, Interchange Capital Partners LLC acquired a new position in CyberArk Software during the 3rd quarter worth about $203,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 0.1%

NASDAQ CYBR opened at $408.85 on Monday. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The firm has a 50 day moving average of $432.60 and a two-hundred day moving average of $460.31. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. The stock has a market capitalization 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 (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $377.22 million. During the same period in the previous year, the company earned $0.80 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. As a group, research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CYBR shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. Mizuho dropped their price objective on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. Zacks Research upgraded shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. decreased their price target on shares of CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a research report on Monday, February 9th. Finally, DA Davidson upped their price objective on CyberArk Software from $518.00 to $573.00 and gave the stock a “buy” rating 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 issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $459.95.

CyberArk Software Company 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.