CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,914 shares of the technology company’s stock after selling 792 shares during the period. Sanctuary Advisors LLC’s holdings in CyberArk Software were worth $2,530,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. 1620 Investment Advisors Inc. purchased a new stake in shares of CyberArk Software during the second quarter worth about $39,000. Assetmark Inc. increased its stake in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Arcadia Investment Management Corp MI increased its stake 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 in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software during the third quarter worth about $51,000. Finally, DT Investment Partners LLC purchased a new stake in shares of CyberArk Software during the second quarter worth about $78,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of research reports. Wedbush boosted their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Jefferies Financial Group upped their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Oppenheimer upped their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Susquehanna upped their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, StockNews.com raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average target price of $335.11.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $317.82 on Wednesday. The firm’s 50 day moving average price is $304.41 and its 200-day moving average price is $280.31. CyberArk Software Ltd. has a one year low of $205.59 and a one year high of $333.32. The firm has a market cap of $13.85 billion, a P/E ratio of 1,177.11 and a beta of 1.13.

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