Meitav Investment House Ltd. Sells 33,470 Shares of CyberArk Software Ltd. $CYBR

Meitav Investment House Ltd. lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 88.9% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,182 shares of the technology company’s stock after selling 33,470 shares during the period. Meitav Investment House Ltd.’s holdings in CyberArk Software were worth $2,019,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Opal Wealth Advisors LLC purchased a new stake in shares of CyberArk Software in the 2nd quarter valued at about $30,000. NewSquare Capital LLC grew its holdings in shares of CyberArk Software by 78.0% during the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after purchasing an additional 32 shares in the last quarter. AlphaCore Capital LLC bought a new position in shares of CyberArk Software in the second quarter worth approximately $33,000. Promus Capital LLC purchased a new stake in CyberArk Software in the second quarter valued at approximately $48,000. Finally, GAMMA Investing LLC lifted its position in CyberArk Software by 116.1% during the third quarter. GAMMA Investing LLC now owns 121 shares of the technology company’s stock valued at $58,000 after purchasing an additional 65 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CYBR. Jefferies Financial Group cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. Citigroup cut CyberArk Software from a “buy” rating to a “hold” rating and increased their target price for the company from $465.00 to $524.00 in a research note on Tuesday, November 4th. Citizens Jmp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Weiss Ratings assumed coverage on CyberArk Software in a research report on Saturday, November 1st. They set a “sell (d-)” rating on the stock. Finally, JMP Securities restated a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, CyberArk Software has an average rating of “Hold” and a consensus target price of $462.63.

CyberArk Software Price Performance

CYBR opened at $453.65 on Friday. CyberArk Software Ltd. has a 12 month low of $288.63 and a 12 month high of $526.19. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52. The business’s 50-day moving average price is $460.71 and its 200-day moving average price is $455.12. The company has a market cap of $22.90 billion, a P/E ratio of -98.41, a P/E/G ratio of 20.70 and a beta of 0.92.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.28. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The business had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 million. During the same period last year, the company earned $0.94 EPS. CyberArk Software’s revenue for the quarter was up 42.8% compared to the same quarter last year. On average, equities analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

About CyberArk Software

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.