Clal Insurance Enterprises Holdings Ltd Lowers Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Clal Insurance Enterprises Holdings Ltd trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 41.7% in the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 60,000 shares of the technology company’s stock after selling 43,000 shares during the period. Clal Insurance Enterprises Holdings Ltd owned 0.14% of CyberArk Software worth $17,497,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. bought a new position in shares of CyberArk Software during the 2nd quarter valued at about $27,000. ORG Partners LLC bought a new position in CyberArk Software during the second quarter valued at approximately $33,000. Assetmark Inc. grew its holdings in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in CyberArk Software in the 2nd quarter worth approximately $39,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software during the 3rd quarter worth approximately $51,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $319.73 on Friday. The stock has a 50 day moving average price of $289.21 and a 200 day moving average price of $269.38. The firm has a market capitalization of $13.93 billion, a price-to-earnings ratio of 1,184.23 and a beta of 1.13. CyberArk Software Ltd. has a 52-week low of $191.25 and a 52-week high of $332.05.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.31) EPS. Analysts forecast that CyberArk Software Ltd. will post -0.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. JMP Securities raised their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the company a “market outperform” rating in a report on Thursday, November 14th. BTIG Research lifted their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Stifel Nicolaus boosted their target price on shares of CyberArk Software from $306.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Mizuho increased their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Oppenheimer boosted their price objective on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software 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.