CyberArk Software Ltd. $CYBR Shares Sold by Truist Financial Corp

Truist Financial Corp trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 62.3% in the third quarter, Holdings Channel reports. The firm owned 10,626 shares of the technology company’s stock after selling 17,545 shares during the period. Truist Financial Corp’s holdings in CyberArk Software were worth $5,134,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Alta Wealth Advisors LLC lifted its position in CyberArk Software by 7.9% in the third quarter. Alta Wealth Advisors LLC now owns 1,716 shares of the technology company’s stock valued at $829,000 after buying an additional 125 shares during the last quarter. Mutual of America Capital Management LLC lifted its holdings in shares of CyberArk Software by 4.6% in the 3rd quarter. Mutual of America Capital Management LLC now owns 19,588 shares of the technology company’s stock worth $9,464,000 after acquiring an additional 856 shares during the last quarter. PFG Investments LLC purchased a new position in shares of CyberArk Software during the 3rd quarter worth approximately $335,000. Vanguard Capital Wealth Advisors acquired a new stake in CyberArk Software in the 3rd quarter valued at approximately $217,000. Finally, Parkside Financial Bank & Trust raised its position in CyberArk Software by 120.7% in the third quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock valued at $31,000 after purchasing an additional 35 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. DA Davidson reaffirmed a “buy” rating and issued a $518.00 price objective on shares of CyberArk Software in a research note on Friday, November 7th. Jefferies Financial Group downgraded CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Weiss Ratings reissued a “sell (d-)” rating on shares of CyberArk Software in a research note on Thursday, January 29th. Finally, JPMorgan Chase & Co. assumed coverage on shares of CyberArk Software in a research note on Wednesday, December 17th. They set a “neutral” rating and a $474.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-three have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $462.63.

CyberArk Software Stock Down 4.8%

Shares of CyberArk Software stock opened at $406.67 on Wednesday. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.52. CyberArk Software Ltd. has a 52-week low of $288.63 and a 52-week high of $526.19. The company has a market capitalization of $20.53 billion, a P/E ratio of -88.21, a P/E/G ratio of 19.49 and a beta of 0.91. The company has a 50 day moving average of $451.44 and a 200 day moving average of $459.85.

CyberArk Software (NASDAQ:CYBR) last announced 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. The company had revenue of $342.84 million for the quarter, compared to the consensus estimate of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The company’s quarterly revenue was up 42.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.94 EPS. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.