CyberArk Software Ltd. $CYBR Position Trimmed by TimesSquare Capital Management LLC

TimesSquare Capital Management LLC reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 33.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 305,448 shares of the technology company’s stock after selling 151,751 shares during the period. CyberArk Software accounts for about 1.8% of TimesSquare Capital Management LLC’s portfolio, making the stock its 8th largest holding. TimesSquare Capital Management LLC’s holdings in CyberArk Software were worth $124,281,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Venturi Wealth Management LLC raised its stake in CyberArk Software by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company’s stock valued at $282,000 after purchasing an additional 29 shares during the last quarter. Prudential PLC raised its position in shares of CyberArk Software by 2.4% in the first quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock valued at $432,000 after buying an additional 30 shares during the last quarter. MAI Capital Management lifted its stake in shares of CyberArk Software by 1.1% in the first quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock worth $932,000 after buying an additional 31 shares in the last quarter. NewSquare Capital LLC boosted its position in CyberArk Software by 78.0% during the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after acquiring an additional 32 shares during the last quarter. Finally, Y.D. More Investments Ltd boosted its position in CyberArk Software by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock worth $2,415,000 after acquiring an additional 38 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $517.05 on Wednesday. CyberArk Software Ltd. has a 12 month low of $288.00 and a 12 month high of $526.19. The company has a market cap of $26.10 billion, a P/E ratio of -153.43 and a beta of 1.01. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The firm has a fifty day moving average price of $492.97 and a 200 day moving average price of $428.47.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.28. The firm had revenue of $342.84 million during the quarter, compared to analysts’ expectations of $328.52 million. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%.The firm’s revenue was up 42.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 earnings per share. Sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CYBR shares. DA Davidson reiterated a “buy” rating and issued a $518.00 price objective on shares of CyberArk Software in a report on Friday, November 7th. Piper Sandler reiterated a “neutral” rating and set a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $420.00 price target on shares of CyberArk Software in a research note on Tuesday, July 22nd. Needham & Company LLC raised their price objective on CyberArk Software from $460.00 to $551.00 and gave the stock a “buy” rating in a research report on Wednesday, July 30th. Finally, Rosenblatt Securities lowered CyberArk Software from a “strong-buy” rating to a “hold” rating and set a $445.00 target price on the stock. in a research report on Friday, August 1st. Nine equities research analysts have rated the stock with a Buy rating, twenty-two have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $451.69.

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.