CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 9.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 7,914 shares of the technology company’s stock after selling 792 shares during the period. Sanctuary Advisors LLC’s holdings in CyberArk Software were worth $2,530,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. 1620 Investment Advisors Inc. acquired a new stake in CyberArk Software during the 2nd quarter worth approximately $39,000. Assetmark Inc. increased its position in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Arcadia Investment Management Corp MI increased its position in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software in the 3rd quarter valued at approximately $51,000. Finally, DT Investment Partners LLC purchased a new stake in shares of CyberArk Software in the 2nd quarter valued at approximately $78,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on CYBR shares. Susquehanna increased their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Barclays increased their price objective on shares of CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Mizuho increased their price objective on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Oppenheimer increased their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, KeyCorp increased their target price on shares of CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $335.11.

CyberArk Software Stock Performance

CYBR stock opened at $317.82 on Wednesday. CyberArk Software Ltd. has a one year low of $205.59 and a one year high of $333.32. The stock has a market capitalization of $13.85 billion, a PE ratio of 1,177.11 and a beta of 1.13. The company has a fifty day moving average of $304.41 and a 200-day moving average of $280.31.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. During the same quarter last year, the business earned ($0.31) EPS. The business’s revenue was up 25.6% on a year-over-year basis. Equities analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

CyberArk Software 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.