Diversified Trust Co Sells 1,409 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Diversified Trust Co lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 36.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,422 shares of the technology company’s stock after selling 1,409 shares during the period. Diversified Trust Co’s holdings in CyberArk Software were worth $662,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Nepsis Inc. raised its stake in CyberArk Software by 3.6% during the 2nd quarter. Nepsis Inc. now owns 55,644 shares of the technology company’s stock worth $15,214,000 after buying an additional 1,908 shares during the period. Wolff Wiese Magana LLC bought a new stake in shares of CyberArk Software during the second quarter valued at approximately $395,000. Juncture Wealth Strategies LLC raised its position in shares of CyberArk Software by 98.9% during the second quarter. Juncture Wealth Strategies LLC now owns 2,773 shares of the technology company’s stock worth $758,000 after purchasing an additional 1,379 shares during the period. Fulton Bank N.A. lifted its holdings in shares of CyberArk Software by 4.5% in the 2nd quarter. Fulton Bank N.A. now owns 2,151 shares of the technology company’s stock worth $588,000 after purchasing an additional 92 shares in the last quarter. Finally, Mather Group LLC. acquired a new stake in CyberArk Software in the 2nd quarter valued at $27,000. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on CYBR shares. Guggenheim restated a “buy” rating and set a $300.00 price objective on shares of CyberArk Software in a report on Tuesday, June 25th. JMP Securities restated a “market outperform” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Monday, June 17th. Barclays raised their price target on shares of CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research report on Thursday, July 11th. DA Davidson boosted their price objective on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, KeyCorp increased their price objective on CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $290.83.

CyberArk Software Stock Performance

NASDAQ CYBR traded down $0.02 during trading on Wednesday, hitting $271.54. 21,489 shares of the company’s stock traded hands, compared to its average volume of 550,499. The stock has a market capitalization of $11.47 billion, a price-to-earnings ratio of -424.31 and a beta of 1.14. CyberArk Software Ltd. has a 12-month low of $148.01 and a 12-month high of $284.10. The business has a 50 day moving average of $260.21 and a 200-day moving average of $253.44.

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

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.