CyberArk Software Ltd. $CYBR Shares Sold by Blue Trust Inc.

Blue Trust Inc. trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 6.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,029 shares of the technology company’s stock after selling 70 shares during the period. Blue Trust Inc.’s holdings in CyberArk Software were worth $419,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in CYBR. Golden State Wealth Management LLC grew its position in CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after buying an additional 39 shares during the period. Opal Wealth Advisors LLC acquired a new stake in shares of CyberArk Software during the 2nd quarter valued at about $30,000. Bessemer Group Inc. grew its position in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after acquiring an additional 80 shares during the period. Morse Asset Management Inc acquired a new stake in shares of CyberArk Software during the 1st quarter valued at about $34,000. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in CyberArk Software by 340.0% in the first quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company’s stock valued at $37,000 after purchasing an additional 85 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Up 2.1%

Shares of CyberArk Software stock opened at $504.02 on Tuesday. The stock has a market cap of $25.44 billion, a P/E ratio of -149.56 and a beta of 1.01. The stock’s 50 day simple moving average is $460.18 and its 200-day simple moving average is $402.21. CyberArk Software Ltd. has a 1-year low of $271.68 and a 1-year high of $514.28. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.31 and a quick ratio of 2.31.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.09. The company had revenue of $328.03 million for the quarter, compared to analyst estimates of $315.43 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm’s revenue for the quarter was up 46.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 earnings per share. Analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have commented on CYBR shares. Stephens lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Barclays lifted their target price on shares of CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $448.00 target price (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. William Blair cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th. Finally, Scotiabank reaffirmed a “sector perform” rating and issued a $448.00 price target (down from $460.00) on shares of CyberArk Software in a research note on Tuesday, August 5th. Twelve analysts have rated the stock with a Buy rating and nineteen have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $443.38.

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.