CyberArk Software Ltd. $CYBR Shares Sold by Granahan Investment Management LLC

Granahan Investment Management LLC lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 42.2% in the first quarter, HoldingsChannel.com reports. The fund owned 21,424 shares of the technology company’s stock after selling 15,614 shares during the quarter. Granahan Investment Management LLC’s holdings in CyberArk Software were worth $7,241,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Bessemer Group Inc. lifted its position in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after acquiring an additional 80 shares during the period. Golden State Wealth Management LLC lifted its position in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock worth $26,000 after acquiring an additional 39 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in CyberArk Software by 17.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock worth $627,000 after acquiring an additional 280 shares during the period. Blue Trust Inc. lifted its position in CyberArk Software by 5.9% during the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company’s stock worth $371,000 after acquiring an additional 61 shares during the period. Finally, Yousif Capital Management LLC lifted its position in CyberArk Software by 9.1% during the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company’s stock worth $755,000 after acquiring an additional 187 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CYBR. Stephens downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Barclays boosted their target price on shares of CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Piper Sandler restated a “neutral” rating and set a $448.00 target price (up from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Needham & Company LLC boosted their target price on shares of CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Finally, KeyCorp downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Fourteen research analysts have rated the stock with a Buy rating and seventeen have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $435.11.

CyberArk Software Trading Up 0.6%

Shares of CyberArk Software stock opened at $458.10 on Friday. The firm has a 50-day simple moving average of $410.77 and a two-hundred day simple moving average of $377.34. The company has a market cap of $22.64 billion, a P/E ratio of -135.93 and a beta of 1.03. CyberArk Software Ltd. has a fifty-two week low of $254.43 and a fifty-two week high of $462.47. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31.

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