Allspring Global Investments Holdings LLC Has $32.37 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Allspring Global Investments Holdings LLC reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 4.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 118,391 shares of the technology company’s stock after selling 5,718 shares during the period. Allspring Global Investments Holdings LLC owned 0.28% of CyberArk Software worth $32,370,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the company. Montag A & Associates Inc. purchased a new position in CyberArk Software during the first quarter valued at approximately $27,000. Mather Group LLC. bought a new stake in CyberArk Software during the 2nd quarter valued at $27,000. ORG Partners LLC bought a new stake in CyberArk Software during the 2nd quarter valued at $33,000. Arcadia Investment Management Corp MI bought a new position in CyberArk Software in the 1st quarter worth $34,000. Finally, Blue Bell Private Wealth Management LLC bought a new position in CyberArk Software in the 1st quarter worth $34,000. 91.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on CYBR. Barclays upped their target price on shares of CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a research report on Thursday, July 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $310.00 target price on shares of CyberArk Software in a research report on Monday, June 17th. Canaccord Genuity Group cut their price objective on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 4th. Susquehanna increased their price objective on shares of CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a research report on Friday, August 9th. Finally, DA Davidson increased their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $290.83.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $281.87 on Wednesday. The business’s 50 day moving average price is $266.61 and its 200-day moving average price is $255.95. The firm has a market capitalization of $11.91 billion, a price-to-earnings ratio of -440.42 and a beta of 1.14. CyberArk Software Ltd. has a 1 year low of $152.03 and a 1 year high of $289.50.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $224.71 million during the quarter, compared to the consensus estimate of $219.06 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period last year, the company earned ($0.58) EPS. On average, sell-side analysts expect that CyberArk Software Ltd. will post -1.24 earnings per share for the current 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.