CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by International Assets Investment Management LLC

International Assets Investment Management LLC trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 99.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 725 shares of the technology company’s stock after selling 282,137 shares during the period. International Assets Investment Management LLC’s holdings in CyberArk Software were worth $243,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Assetmark Inc. boosted its stake in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of CyberArk Software during the third quarter worth $51,000. Future Financial Wealth Managment LLC acquired a new stake in shares of CyberArk Software during the third quarter worth $87,000. Centaurus Financial Inc. acquired a new stake in shares of CyberArk Software during the second quarter worth $109,000. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of CyberArk Software during the third quarter worth $144,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $335.00 price objective on shares of CyberArk Software in a research note on Thursday, November 14th. Morgan Stanley reiterated an “equal weight” rating and set a $316.00 price objective on shares of CyberArk Software in a research note on Tuesday, December 31st. Canaccord Genuity Group lifted their price objective on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. JMP Securities lifted their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. Finally, Needham & Company LLC raised their target price on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $350.22.

CyberArk Software Trading Down 1.7 %

CYBR opened at $337.83 on Tuesday. The firm has a market capitalization of $14.72 billion, a PE ratio of 1,251.27 and a beta of 1.13. CyberArk Software Ltd. has a twelve month low of $221.12 and a twelve month high of $348.29. The firm’s 50-day moving average price is $319.47 and its 200 day moving average price is $290.87.

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

About CyberArk Software

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.