CyberArk Software Ltd. (NASDAQ:CYBR) Position Lessened by JB Capital LLC

JB Capital LLC cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 7.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,772 shares of the technology company’s stock after selling 443 shares during the period. JB Capital LLC’s holdings in CyberArk Software were worth $1,578,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. boosted its stake in CyberArk Software by 64.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company’s stock valued at $1,951,000 after purchasing an additional 2,885 shares during the period. Congress Asset Management Co. MA raised its stake in CyberArk Software by 29.3% during the 1st quarter. Congress Asset Management Co. MA now owns 50,097 shares of the technology company’s stock valued at $13,307,000 after acquiring an additional 11,345 shares in the last quarter. Contour Asset Management LLC acquired a new position in CyberArk Software during the 4th quarter worth $48,605,000. Russell Investments Group Ltd. grew its stake in shares of CyberArk Software by 58.3% in the first quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock worth $8,830,000 after purchasing an additional 12,242 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of CyberArk Software during the first quarter valued at $2,741,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. KeyCorp upped their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Needham & Company LLC reiterated a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a research note on Friday, August 9th. Susquehanna upped their target price on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research report on Friday, August 9th. Citigroup lifted their price target on CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.83.

CyberArk Software Trading Down 0.3 %

NASDAQ CYBR traded down $0.76 during trading on Friday, reaching $279.88. 225,380 shares of the company’s stock were exchanged, compared to its average volume of 542,979. CyberArk Software Ltd. has a fifty-two week low of $152.03 and a fifty-two week high of $289.50. The company’s fifty day simple moving average is $264.99 and its 200-day simple moving average is $255.31. The firm has a market capitalization of $11.83 billion, a PE ratio of -438.50 and a beta of 1.14.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. The business had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The firm’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same period last year, the company posted ($0.58) earnings per share. Equities analysts forecast that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

CyberArk Software Company 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.