CyberArk Software Ltd. $CYBR Shares Sold by Calamos Advisors LLC

Calamos Advisors LLC lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 38.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,780 shares of the technology company’s stock after selling 6,611 shares during the quarter. Calamos Advisors LLC’s holdings in CyberArk Software were worth $4,386,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Opal Wealth Advisors LLC purchased a new position in CyberArk Software during the second quarter worth about $30,000. NewSquare Capital LLC increased its stake in shares of CyberArk Software by 78.0% during the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after acquiring an additional 32 shares during the last quarter. Morse Asset Management Inc purchased a new position in shares of CyberArk Software during the 1st quarter worth about $34,000. Whittier Trust Co. of Nevada Inc. boosted its position in shares of 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 worth $37,000 after acquiring an additional 85 shares during the last quarter. Finally, Harbour Investments Inc. grew its holdings in CyberArk Software by 298.0% in the first quarter. Harbour Investments Inc. now owns 203 shares of the technology company’s stock valued at $69,000 after purchasing an additional 152 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on CYBR shares. DA Davidson reaffirmed a “buy” rating and set a $518.00 price target on shares of CyberArk Software in a research note on Friday, November 7th. KeyCorp downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Robert W. Baird reiterated a “neutral” rating and issued a $460.00 target price on shares of CyberArk Software in a report on Friday, August 1st. Scotiabank reissued a “sector perform” rating and set a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Finally, Guggenheim downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 price objective on the stock. in a report on Thursday, July 31st. Eight investment analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of “Hold” and a consensus price target of $455.96.

CyberArk Software Price Performance

CYBR stock opened at $487.29 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. CyberArk Software Ltd. has a 1 year low of $288.63 and a 1 year high of $526.19. The firm has a market cap of $24.60 billion, a P/E ratio of -144.60 and a beta of 1.01. The stock has a 50-day simple moving average of $494.43 and a 200-day simple moving average of $429.37.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.92 by $0.28. The firm had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.CyberArk Software’s revenue for the quarter was up 42.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 EPS. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.