PNC Financial Services Group Inc. Sells 751 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

PNC Financial Services Group Inc. decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 10.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,206 shares of the technology company’s stock after selling 751 shares during the quarter. PNC Financial Services Group Inc.’s holdings in CyberArk Software were worth $1,810,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. bought a new position in shares of CyberArk Software in the second quarter worth about $27,000. ORG Partners LLC bought a new stake in CyberArk Software during the 2nd quarter worth approximately $33,000. 1620 Investment Advisors Inc. purchased a new position in CyberArk Software during the second quarter valued at approximately $39,000. Assetmark Inc. boosted its position in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the period. Finally, Arcadia Investment Management Corp MI increased its stake in shares of CyberArk Software by 42.2% in 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. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CYBR shares. Scotiabank assumed coverage on shares of CyberArk Software in a report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price for the company. JMP Securities upped their price objective on CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. DA Davidson lifted their target price on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Stifel Nicolaus upped their price target on CyberArk Software from $306.00 to $335.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Mizuho increased their price objective 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. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Stock Performance

CyberArk Software stock opened at $328.01 on Wednesday. CyberArk Software Ltd. has a fifty-two week low of $191.56 and a fifty-two week high of $332.05. The company has a market capitalization of $14.29 billion, a PE ratio of 1,214.85 and a beta of 1.13. The company has a 50 day moving average price of $292.30 and a 200-day moving average price of $271.74.

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, beating analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.31) EPS. On average, analysts forecast that CyberArk Software Ltd. will post -0.62 earnings per share for the current year.

CyberArk Software Company 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.