Oppenheimer & Co. Inc. Sells 3,771 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Oppenheimer & Co. Inc. cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBRFree Report) by 68.0% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,778 shares of the technology company’s stock after selling 3,771 shares during the period. Oppenheimer & Co. Inc.’s holdings in CyberArk Software were worth $291,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Lazard Asset Management LLC lifted its position in shares of CyberArk Software by 21.0% in the second quarter. Lazard Asset Management LLC now owns 1,557,966 shares of the technology company’s stock valued at $243,556,000 after buying an additional 269,922 shares during the last quarter. RGM Capital LLC lifted its position in shares of CyberArk Software by 2.7% in the second quarter. RGM Capital LLC now owns 1,235,708 shares of the technology company’s stock valued at $193,178,000 after buying an additional 32,400 shares during the last quarter. First Trust Advisors LP lifted its position in shares of CyberArk Software by 8.3% in the first quarter. First Trust Advisors LP now owns 1,129,744 shares of the technology company’s stock valued at $190,644,000 after buying an additional 86,160 shares during the last quarter. Brown Capital Management LLC lifted its position in shares of CyberArk Software by 2.8% in the second quarter. Brown Capital Management LLC now owns 1,043,586 shares of the technology company’s stock valued at $163,144,000 after buying an additional 28,732 shares during the last quarter. Finally, Whale Rock Capital Management LLC lifted its position in shares of CyberArk Software by 513.7% in the second quarter. Whale Rock Capital Management LLC now owns 836,516 shares of the technology company’s stock valued at $130,773,000 after buying an additional 700,210 shares during the last quarter. 92.14% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Down 3.9 %

Shares of CYBR opened at $270.43 on Tuesday. CyberArk Software Ltd. has a 52-week low of $120.11 and a 52-week high of $283.00. The business’s fifty day moving average is $223.73 and its 200-day moving average is $188.19. The company has a debt-to-equity ratio of 0.79, a quick ratio of 2.22 and a current ratio of 1.08. The firm has a market cap of $11.10 billion, a price-to-earnings ratio of -166.93 and a beta of 1.06.

Analyst Ratings Changes

A number of research firms have recently issued reports on CYBR. Oppenheimer raised their price objective on CyberArk Software from $195.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. JMP Securities raised their price objective on CyberArk Software from $195.00 to $280.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Cantor Fitzgerald initiated coverage on CyberArk Software in a research report on Thursday, February 8th. They issued an “overweight” rating and a $300.00 price objective for the company. Wells Fargo & Company lifted their price target on CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, Needham & Company LLC lifted their price target on CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a report on Friday. Two research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus target price of $250.91.

Check Out Our Latest Research Report on CYBR

About CyberArk Software

(Free Report)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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