CyberArk Software Ltd. (NASDAQ:CYBR) is Avala Global LP’s 3rd Largest Position

Avala Global LP trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.2% in the 3rd quarter, HoldingsChannel reports. The firm owned 306,942 shares of the technology company’s stock after selling 7,000 shares during the quarter. CyberArk Software makes up about 5.9% of Avala Global LP’s portfolio, making the stock its 3rd largest position. Avala Global LP’s holdings in CyberArk Software were worth $89,507,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Mather Group LLC. purchased a new stake in CyberArk Software in the second quarter valued at $27,000. ORG Partners LLC purchased a new stake in shares of CyberArk Software in the second quarter worth about $33,000. Assetmark Inc. grew its holdings in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares during the period. 1620 Investment Advisors Inc. purchased a new position in CyberArk Software during the second quarter valued at approximately $39,000. Finally, Transcendent Capital Group LLC purchased a new position in CyberArk Software during the third quarter valued at approximately $51,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 1.5 %

CYBR stock opened at $323.51 on Monday. The firm has a 50-day moving average of $295.12 and a two-hundred day moving average of $273.47. CyberArk Software Ltd. has a 12 month low of $193.91 and a 12 month high of $332.05. The company has a market cap of $14.10 billion, a price-to-earnings ratio of 1,198.23 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same period in the prior year, the business earned ($0.31) earnings per share. The business’s revenue was up 25.6% compared to the same quarter last year. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.62 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays boosted their price target on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Wedbush increased their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. Canaccord Genuity Group lifted their price objective on shares of CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Oppenheimer increased their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Company 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.