CyberArk Software Ltd. $CYBR Shares Sold by Nicholas Company Inc.

Nicholas Company Inc. lowered its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 12.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 98,075 shares of the technology company’s stock after selling 13,940 shares during the period. Nicholas Company Inc.’s holdings in CyberArk Software were worth $39,905,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new position in shares of CyberArk Software in the 2nd quarter worth approximately $30,000. Bessemer Group Inc. grew its stake in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after purchasing an additional 80 shares during the last quarter. Morse Asset Management Inc acquired a new position in shares of CyberArk Software in the 1st quarter worth approximately $34,000. Whittier Trust Co. of Nevada Inc. boosted its holdings 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 buying an additional 85 shares during the period. Finally, Harbour Investments Inc. boosted its holdings in shares of CyberArk Software by 298.0% in the first quarter. Harbour Investments Inc. now owns 203 shares of the technology company’s stock worth $69,000 after buying an additional 152 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CYBR stock opened at $520.78 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. The stock has a market cap of $26.29 billion, a P/E ratio of -154.53 and a beta of 1.01. The firm has a 50 day simple moving average of $484.32 and a 200 day simple moving average of $419.02. CyberArk Software Ltd. has a 52 week low of $271.68 and a 52 week high of $526.19.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. The business had revenue of $328.03 million during the quarter, compared to analysts’ expectations of $315.43 million. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm’s quarterly revenue was up 46.0% compared to the same quarter last year. During the same period last year, the company posted $0.54 earnings per share. Research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Guggenheim cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $455.00 target price for the company. in a report on Thursday, July 31st. Zacks Research cut shares of CyberArk Software from a “hold” rating to a “strong sell” rating in a report on Tuesday, October 21st. JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Oppenheimer reiterated a “market perform” rating on shares of CyberArk Software in a report on Friday, August 1st. Finally, Piper Sandler reiterated a “neutral” rating and issued a $448.00 target price (up from $440.00) on shares of CyberArk Software in a report on Thursday, July 31st. Ten equities research analysts have rated the stock with a Buy rating, twenty-one have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $448.85.

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.