Connor Clark & Lunn Investment Management Ltd. trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 7.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 100,023 shares of the technology company's stock after selling 8,482 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.23% of CyberArk Software worth $29,168,000 as of its most recent SEC filing.
Several other institutional investors have also recently modified their holdings of the company. Greenleaf Trust raised its stake in shares of CyberArk Software by 2.5% in the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company's stock worth $533,000 after purchasing an additional 45 shares during the last quarter. Signaturefd LLC raised its stake in shares of CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company's stock worth $352,000 after purchasing an additional 49 shares during the last quarter. Austin Private Wealth LLC raised its stake in shares of CyberArk Software by 6.8% in the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company's stock worth $238,000 after purchasing an additional 52 shares during the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock worth $50,000 after purchasing an additional 54 shares during the last quarter. Finally, Juncture Wealth Strategies LLC raised its stake in shares of CyberArk Software by 2.1% in the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company's stock worth $825,000 after purchasing an additional 57 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.
Shares of CyberArk Software stock opened at $316.90 on Thursday. CyberArk Software Ltd. has a 52 week low of $186.96 and a 52 week high of $318.64. The business's fifty day simple moving average is $287.06 and its 200-day simple moving average is $268.62. The firm has a market cap of $13.81 billion, a PE ratio of 1,173.75 and a beta of 1.13.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company's quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.31) EPS. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.99 earnings per share for the current year.
Several brokerages recently weighed in on CYBR. Mizuho lifted their price target on CyberArk Software from $310.00 to $325.00 and gave the company an "outperform" rating in a research report on Thursday, October 17th. Piper Sandler lifted their price target on CyberArk Software from $300.00 to $345.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Royal Bank of Canada lifted their price target on CyberArk Software from $328.00 to $358.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Stifel Nicolaus lifted their price target on CyberArk Software from $306.00 to $335.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Robert W. Baird lifted their price target on CyberArk Software from $315.00 to $355.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. One analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to MarketBeat.com, CyberArk Software currently has a consensus rating of "Moderate Buy" and an average target price of $328.37.
Check Out Our Latest Analysis on CYBR
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.
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