CyberArk Software Ltd. $CYBR Shares Sold by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 51.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,300 shares of the technology company’s stock after selling 2,445 shares during the period. Lisanti Capital Growth LLC’s holdings in CyberArk Software were worth $936,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Price T Rowe Associates Inc. MD grew its holdings in CyberArk Software by 1,598.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company’s stock valued at $330,964,000 after purchasing an additional 921,523 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of CyberArk Software by 82.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 740,504 shares of the technology company’s stock worth $250,290,000 after buying an additional 335,634 shares during the last quarter. Amundi raised its position in shares of CyberArk Software by 153.5% in the 1st quarter. Amundi now owns 547,466 shares of the technology company’s stock worth $179,547,000 after buying an additional 331,498 shares during the period. BNP Paribas Financial Markets boosted its holdings in CyberArk Software by 545.1% in the first quarter. BNP Paribas Financial Markets now owns 230,362 shares of the technology company’s stock valued at $77,862,000 after acquiring an additional 194,651 shares during the last quarter. Finally, Invesco Ltd. grew its position in CyberArk Software by 12.2% during the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company’s stock valued at $381,904,000 after acquiring an additional 122,423 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CYBR shares. Rosenblatt Securities lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 price objective on the stock. in a research note on Friday, August 1st. Scotiabank reaffirmed a “sector perform” rating and set a $448.00 price target (down from $460.00) on shares of CyberArk Software in a research report on Tuesday, August 5th. Cantor Fitzgerald reissued an “overweight” rating and issued a $420.00 price objective on shares of CyberArk Software in a research report on Tuesday, July 22nd. Stephens downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Thursday, July 31st. Finally, Zacks Research cut shares of CyberArk Software from a “hold” rating to a “strong sell” rating in a research report on Tuesday, October 21st. Nine investment analysts have rated the stock with a Buy rating, twenty-two have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $451.69.

CyberArk Software Stock Performance

Shares of CYBR opened at $503.87 on Friday. CyberArk Software Ltd. has a 52-week low of $288.00 and a 52-week high of $526.19. The firm has a market capitalization of $25.43 billion, a PE ratio of -149.52 and a beta of 1.01. The firm has a 50-day moving average price of $490.51 and a 200 day moving average price of $425.47. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The business had revenue of $342.84 million for the quarter, compared to analyst estimates of $328.52 million. During the same quarter last year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was up 42.8% on a year-over-year basis. On average, sell-side analysts anticipate 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.