Confluence Investment Management LLC Has $911,000 Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Confluence Investment Management LLC lowered its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 39.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,332 shares of the technology company’s stock after selling 2,212 shares during the period. Confluence Investment Management LLC’s holdings in CyberArk Software were worth $911,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of CYBR. Pacer Advisors Inc. boosted its holdings in CyberArk Software by 14.9% in the 4th quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock valued at $124,000 after purchasing an additional 73 shares during the period. Fulton Bank N.A. boosted its holdings in CyberArk Software by 13.4% in the 4th quarter. Fulton Bank N.A. now owns 2,188 shares of the technology company’s stock valued at $479,000 after purchasing an additional 259 shares during the period. Toth Financial Advisory Corp bought a new stake in CyberArk Software in the 4th quarter valued at about $569,000. Geneos Wealth Management Inc. lifted its holdings in shares of CyberArk Software by 163.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 4,460 shares of the technology company’s stock worth $977,000 after acquiring an additional 2,767 shares during the period. Finally, Meitav Investment House Ltd. lifted its holdings in shares of CyberArk Software by 8.0% during the 4th quarter. Meitav Investment House Ltd. now owns 37,968 shares of the technology company’s stock worth $8,317,000 after acquiring an additional 2,823 shares during the period. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 3.2 %

NASDAQ CYBR traded down $8.06 on Friday, hitting $247.04. The company’s stock had a trading volume of 501,729 shares, compared to its average volume of 405,303. CyberArk Software Ltd. has a 1-year low of $142.92 and a 1-year high of $284.10. The company’s 50-day moving average is $256.60 and its 200 day moving average is $252.01. The firm has a market cap of $10.44 billion, a PE ratio of -386.00 and a beta of 1.14.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The company had revenue of $221.55 million during the quarter, compared to analysts’ expectations of $213.42 million. On average, equities analysts expect that CyberArk Software Ltd. will post -1.24 EPS for the current year.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of recent analyst reports. Wedbush reaffirmed an “outperform” rating and set a $285.00 price target on shares of CyberArk Software in a report on Friday, May 3rd. Barclays upped their price target on shares of CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. JMP Securities reaffirmed a “market outperform” rating and set a $310.00 price target on shares of CyberArk Software in a report on Monday, June 17th. DA Davidson upped their price target on shares of CyberArk Software from $275.00 to $285.00 and gave the stock a “buy” rating in a report on Wednesday, May 22nd. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a report on Monday, May 20th. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $280.63.

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.