Y Intercept Hong Kong Ltd trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 70.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,139 shares of the technology company's stock after selling 5,074 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in CyberArk Software were worth $624,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. ORG Partners LLC bought a new stake in CyberArk Software during the 2nd quarter worth about $33,000. Assetmark Inc. raised 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 worth $39,000 after purchasing an additional 123 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in CyberArk Software during the 2nd quarter worth about $39,000. Transcendent Capital Group LLC bought a new stake in CyberArk Software during the 3rd quarter worth about $51,000. Finally, Arcadia Investment Management Corp MI raised its holdings in CyberArk Software by 42.2% during the 2nd 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. 91.84% of the stock is owned by institutional investors.
Several analysts have weighed in on CYBR shares. Piper Sandler boosted their price objective on CyberArk Software from $300.00 to $345.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Wedbush boosted their target price on CyberArk Software from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 1st. Mizuho boosted their target price on CyberArk Software from $345.00 to $365.00 and gave the stock an "outperform" rating in a research report on Friday. Stifel Nicolaus boosted their target price on CyberArk Software from $306.00 to $335.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Finally, Oppenheimer boosted their target price on CyberArk Software from $310.00 to $360.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $333.00.
View Our Latest Stock Report on CyberArk Software
NASDAQ CYBR opened at $313.36 on Friday. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 1,160.64 and a beta of 1.13. The stock's 50 day moving average price is $302.84 and its two-hundred day moving average price is $278.70. CyberArk Software Ltd. has a 52 week low of $198.01 and a 52 week high of $333.32.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million for 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 quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.31) EPS. On average, equities research analysts forecast that CyberArk Software Ltd. will post -0.58 EPS for the current year.
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.
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