Migdal Insurance & Financial Holdings Ltd. Sells 5,000 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Migdal Insurance & Financial Holdings Ltd. lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 10.0% in the third quarter, HoldingsChannel reports. The fund owned 45,000 shares of the technology company’s stock after selling 5,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in CyberArk Software were worth $13,122,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CYBR. Greenleaf Trust raised its stake in CyberArk Software by 2.5% in the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after purchasing an additional 45 shares in the last quarter. Signaturefd LLC grew its holdings in shares of CyberArk Software by 4.2% during the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after purchasing an additional 49 shares during the last quarter. Austin Private Wealth LLC grew its holdings in shares of CyberArk Software by 6.8% during the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after purchasing an additional 52 shares during the last quarter. Arcadia Investment Management Corp MI grew its holdings in shares of CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after purchasing an additional 54 shares during the last quarter. Finally, Juncture Wealth Strategies LLC boosted its holdings in CyberArk Software by 2.1% in the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after acquiring an additional 57 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on CYBR. Wedbush upped their target price on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Rosenblatt Securities reiterated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a research note on Tuesday, August 6th. DA Davidson lifted their target price on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 9th. Scotiabank initiated coverage on CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price objective for the company. Finally, Mizuho boosted their target price on CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a research report on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $311.44.

CyberArk Software Trading Down 0.5 %

Shares of NASDAQ:CYBR traded down $1.59 on Friday, reaching $294.61. The company had a trading volume of 337,917 shares, compared to its average volume of 392,019. CyberArk Software Ltd. has a 52-week low of $181.02 and a 52-week high of $308.63. The firm’s 50 day simple moving average is $282.76 and its 200-day simple moving average is $265.34. The firm has a market capitalization of $12.84 billion, a PE ratio of -920.66 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data 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. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter in the previous year, the firm posted ($0.58) EPS. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. As a group, equities research analysts predict that CyberArk Software Ltd. will post -1.05 earnings per share for the current 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.