Envestnet Portfolio Solutions Inc. Sells 196 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Envestnet Portfolio Solutions Inc. cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,078 shares of the technology company’s stock after selling 196 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in CyberArk Software were worth $1,040,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of CYBR. TD Private Client Wealth LLC boosted its position in shares of CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after buying an additional 34 shares during the period. Whipplewood Advisors LLC lifted its stake in shares of CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock worth $27,000 after acquiring an additional 46 shares during the last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software in the 4th quarter valued at $39,000. Graney & King LLC purchased a new stake in CyberArk Software in the fourth quarter worth $43,000. Finally, Coppell Advisory Solutions LLC increased its stake in CyberArk Software by 325.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company’s stock worth $48,000 after purchasing an additional 114 shares during the period. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CYBR. Roth Capital assumed coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They issued a “buy” rating and a $415.00 target price on the stock. KeyCorp dropped their price objective on CyberArk Software from $485.00 to $425.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Morgan Stanley restated an “equal weight” rating on shares of CyberArk Software in a report on Tuesday, May 13th. Truist Financial lowered their target price on CyberArk Software from $450.00 to $425.00 and set a “buy” rating for the company in a report on Monday, March 31st. Finally, Barclays reissued an “overweight” rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $416.79.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $397.13 on Wednesday. CyberArk Software Ltd. has a fifty-two week low of $230.00 and a fifty-two week high of $421.00. The firm has a market capitalization of $19.63 billion, a price-to-earnings ratio of -213.51 and a beta of 0.99. The stock’s 50-day simple moving average is $366.99 and its 200-day simple moving average is $355.14.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.19. The company had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. CyberArk Software’s revenue was up 43.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.75 EPS. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

About 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.