Zions Bancorporation National Association UT Sells 11,720 Shares of CyberArk Software Ltd. $CYBR

Zions Bancorporation National Association UT cut its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 98.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 198 shares of the technology company’s stock after selling 11,720 shares during the quarter. Zions Bancorporation National Association UT’s holdings in CyberArk Software were worth $96,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CYBR. Sheets Smith Wealth Management lifted its position in shares of CyberArk Software by 0.7% in the third quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock worth $1,518,000 after purchasing an additional 23 shares in the last quarter. Portside Wealth Group LLC grew its holdings in CyberArk Software by 1.1% during the third quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock worth $989,000 after purchasing an additional 23 shares during the period. Signal Advisors Wealth LLC increased its position in CyberArk Software by 0.6% during the third quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock worth $1,892,000 after buying an additional 24 shares during the last quarter. UMB Bank n.a. raised its stake in CyberArk Software by 50.0% in the third quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock valued at $42,000 after buying an additional 29 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of CyberArk Software by 2.9% in the third quarter. Blue Trust Inc. now owns 1,059 shares of the technology company’s stock valued at $512,000 after buying an additional 30 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Down 0.1%

Shares of CYBR stock opened at $408.85 on Thursday. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The stock’s fifty day moving average price is $438.70 and its two-hundred day moving average price is $459.96. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. The company has a market cap of $20.64 billion, a PE ratio of -139.54, a P/E/G ratio of 18.11 and a beta of 0.91.

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

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CYBR shares. Weiss Ratings restated a “sell (d-)” rating on shares of CyberArk Software in a research note 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 on the stock in a research report on Thursday, February 5th. Citigroup downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and lifted their target price for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. DA Davidson increased their price target on shares of CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a report on Thursday, February 5th. Finally, Jefferies Financial Group downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, CyberArk Software has an average rating of “Hold” and an average price target 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.