Vontobel Holding Ltd. Cuts Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Vontobel Holding Ltd. cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 9.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 72,813 shares of the technology company’s stock after selling 7,441 shares during the period. Vontobel Holding Ltd. owned about 0.18% of CyberArk Software worth $10,918,000 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. Total Clarity Wealth Management Inc. purchased a new stake in shares of CyberArk Software during the second quarter worth approximately $134,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of CyberArk Software by 112.8% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 160,633 shares of the technology company’s stock valued at $20,555,000 after purchasing an additional 85,149 shares during the last quarter. Kennedy Capital Management Inc. lifted its position in shares of CyberArk Software by 134.8% during the 2nd quarter. Kennedy Capital Management Inc. now owns 43,524 shares of the technology company’s stock worth $5,569,000 after purchasing an additional 24,988 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of CyberArk Software by 4.3% during the second quarter. State of New Jersey Common Pension Fund D now owns 58,278 shares of the technology company’s stock worth $7,457,000 after purchasing an additional 2,389 shares in the last quarter. Finally, Meitav Dash Investments Ltd. increased its holdings in CyberArk Software by 41.3% in the second quarter. Meitav Dash Investments Ltd. now owns 412,188 shares of the technology company’s stock valued at $52,482,000 after buying an additional 120,434 shares during the last quarter. 91.52% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Down 0.1 %

Shares of NASDAQ:CYBR opened at $136.13 on Wednesday. CyberArk Software Ltd. has a 12 month low of $100.35 and a 12 month high of $180.01. The business’s 50 day simple moving average is $134.56 and its 200-day simple moving average is $141.49. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.66 and a quick ratio of 2.66.

CyberArk Software (NASDAQ:CYBR – Get Rating) last posted its earnings results on Thursday, November 3rd. The technology company reported ($0.67) EPS for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.23. The company had revenue of $152.67 million for the quarter, compared to the consensus estimate of $151.18 million. CyberArk Software had a negative return on equity of 16.23% and a negative net margin of 21.79%. Equities analysts anticipate that CyberArk Software Ltd. will post -3.43 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on CYBR shares. Mizuho dropped their price objective on CyberArk Software from $185.00 to $175.00 and set a “buy” rating on the stock in a report on Friday, January 20th. DA Davidson initiated coverage on shares of CyberArk Software in a research report on Thursday, December 15th. They issued a “buy” rating and a $175.00 price target for the company. Piper Sandler decreased their target price on CyberArk Software from $190.00 to $160.00 in a research report on Thursday, January 5th. Barclays cut their price target on CyberArk Software from $168.00 to $150.00 and set an “overweight” rating on the stock in a research report on Wednesday, January 11th. Finally, KeyCorp lowered their target price on shares of CyberArk Software from $190.00 to $189.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 16th. Five equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $170.87.

About CyberArk Software

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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. The firm’s products include Privilege, Access, and DevSecOps. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.