Taylor Frigon Capital Management LLC trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 33.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,976 shares of the technology company's stock after selling 6,463 shares during the quarter. CyberArk Software accounts for approximately 1.9% of Taylor Frigon Capital Management LLC's holdings, making the stock its 9th biggest holding. Taylor Frigon Capital Management LLC's holdings in CyberArk Software were worth $3,759,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in CYBR. Greenleaf Trust increased its stake in shares of CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company's stock valued at $533,000 after buying an additional 45 shares during the period. Signaturefd LLC increased its position in CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company's stock valued at $352,000 after purchasing an additional 49 shares during the period. First Dallas Securities Inc. raised its holdings in CyberArk Software by 3.2% in the 1st quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company's stock worth $425,000 after purchasing an additional 50 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of CyberArk Software by 42.2% in the 2nd 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 period. Finally, Juncture Wealth Strategies LLC boosted its stake in shares of CyberArk Software by 2.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company's stock valued at $825,000 after purchasing an additional 57 shares in the last quarter. Institutional investors own 91.84% of the company's stock.
CyberArk Software stock traded up $5.73 during midday trading on Thursday, reaching $294.67. 56,884 shares of the company traded hands, compared to its average volume of 520,435. CyberArk Software Ltd. has a 12 month low of $154.76 and a 12 month high of $308.63. The business has a 50 day moving average of $281.63 and a two-hundred day moving average of $261.87. The firm has a market capitalization of $12.45 billion, a price-to-earnings ratio of -451.47 and a beta of 1.12.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The firm had revenue of $224.71 million for the quarter, compared to analysts' expectations of $219.06 million. During the same period in the prior year, the firm earned ($0.58) EPS. The company's revenue was up 27.8% compared to the same quarter last year. As a group, equities analysts forecast that CyberArk Software Ltd. will post -1.06 EPS for the current year.
Several analysts have commented on the stock. DA Davidson raised their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Royal Bank of Canada began coverage on CyberArk Software in a research report on Friday, September 20th. They set an "outperform" rating and a $328.00 price target on the stock. Citigroup increased their price objective on CyberArk Software from $305.00 to $310.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Wedbush boosted their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st. Finally, Mizuho increased their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. One research analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $306.58.
Get Our Latest Research Report on CyberArk Software
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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