B. Riley Wealth Advisors Inc. Decreases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

B. Riley Wealth Advisors Inc. lessened its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 10.8% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,958 shares of the technology company’s stock after selling 358 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in CyberArk Software were worth $859,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in CYBR. Oddo BHF Asset Management Sas purchased a new position in shares of CyberArk Software in the third quarter valued at $1,135,000. Wilmington Savings Fund Society FSB purchased a new position in shares of CyberArk Software in the 3rd quarter worth $144,000. TT International Asset Management LTD bought a new stake in shares of CyberArk Software in the 3rd quarter worth about $3,224,000. Coldstream Capital Management Inc. raised its position in shares of CyberArk Software by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after buying an additional 42 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of CyberArk Software by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company’s stock valued at $108,020,000 after acquiring an additional 14,724 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $317.82 on Wednesday. The firm has a fifty day moving average price of $304.41 and a 200 day moving average price of $280.31. The stock has a market cap of $13.85 billion, a PE ratio of 1,177.11 and a beta of 1.13. CyberArk Software Ltd. has a 1 year low of $205.59 and a 1 year high of $333.32.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same period last year, the company earned ($0.31) earnings per share. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on CYBR shares. Scotiabank began coverage on CyberArk Software in a research note on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price objective on the stock. Royal Bank of Canada increased their price target on CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a report on Thursday, November 14th. StockNews.com raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Wedbush increased their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Finally, Wells Fargo & Company lifted their price target on shares of CyberArk Software from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $335.11.

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.