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

Meitav Investment House Ltd. reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 88.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.

A number of other hedge funds also recently bought and sold shares of the business. AXA S.A. boosted its stake in CyberArk Software by 1.4% during the second quarter. AXA S.A. now owns 117,542 shares of the technology company’s stock worth $47,825,000 after acquiring an additional 1,571 shares in the last quarter. Atlantic Union Bankshares Corp purchased a new position in shares of CyberArk Software during the second quarter valued at approximately $1,504,000. Stratos Wealth Partners LTD. purchased a new position in shares of CyberArk Software during the second quarter valued at approximately $214,000. World Investment Advisors bought a new stake in shares of CyberArk Software in the 2nd quarter worth approximately $211,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of CyberArk Software in the 3rd quarter worth approximately $1,643,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on CYBR. Jefferies Financial Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. DA Davidson reaffirmed a “buy” rating and issued a $518.00 price target on shares of CyberArk Software in a research report on Friday, November 7th. Piper Sandler set a $474.00 price target on shares of CyberArk Software in a research note on Wednesday, December 17th. Barclays restated an “equal weight” rating and set a $520.00 price objective (up from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. Finally, Weiss Ratings started coverage on shares of CyberArk Software in a research note on Saturday, November 1st. They issued a “sell (d-)” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, twenty-four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $462.63.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $453.65 on Friday. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14. The firm has a market cap of $22.90 billion, a price-to-earnings ratio of -98.41, a price-to-earnings-growth ratio of 20.70 and a beta of 0.92. The business has a 50-day simple moving average of $460.71 and a two-hundred day simple moving average of $455.12. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19.

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