SOA Wealth Advisors LLC. Sells 604 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

SOA Wealth Advisors LLC. lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 21.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,247 shares of the technology company’s stock after selling 604 shares during the period. SOA Wealth Advisors LLC.’s holdings in CyberArk Software were worth $351,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of CYBR. 1832 Asset Management L.P. purchased a new stake in CyberArk Software during the 4th quarter valued at $33,000. Tucker Asset Management LLC purchased a new position in CyberArk Software during the 1st quarter valued at $44,000. Covestor Ltd bought a new position in CyberArk Software in the 1st quarter valued at $73,000. Benjamin Edwards Inc. increased its stake in CyberArk Software by 159.8% in the first quarter. Benjamin Edwards Inc. now owns 439 shares of the technology company’s stock worth $65,000 after purchasing an additional 270 shares during the period. Finally, Heritage Wealth Management LLC grew its holdings in shares of CyberArk Software by 86.1% in the fourth quarter. Heritage Wealth Management LLC now owns 456 shares of the technology company’s stock worth $59,000 after purchasing an additional 211 shares during the last quarter. Hedge funds and other institutional investors own 92.14% of the company’s stock.

CyberArk Software Price Performance

CyberArk Software stock traded down $1.56 during midday trading on Friday, reaching $170.03. The company had a trading volume of 101,635 shares, compared to its average volume of 415,138. The firm’s fifty day simple moving average is $159.84 and its 200-day simple moving average is $149.55. CyberArk Software Ltd. has a 12-month low of $113.19 and a 12-month high of $171.95. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 0.83.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, August 10th. The technology company reported ($0.58) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.28. CyberArk Software had a negative net margin of 17.55% and a negative return on equity of 15.40%. The business had revenue of $175.84 million during the quarter, compared to analyst estimates of $173.20 million. On average, analysts anticipate that CyberArk Software Ltd. will post -2.39 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on CYBR. Wells Fargo & Company lifted their target price on CyberArk Software from $140.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, August 11th. KeyCorp raised their price objective on CyberArk Software from $194.00 to $196.00 and gave the stock an “overweight” rating in a research report on Friday, August 11th. Barclays increased their price objective on shares of CyberArk Software from $178.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Wedbush reissued an “outperform” rating and set a $185.00 target price on shares of CyberArk Software in a research report on Tuesday. Finally, Morgan Stanley upped their target price on CyberArk Software from $173.00 to $180.00 and gave the company an “overweight” rating in a research report on Friday, August 11th. Four research analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the stock. According to MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $184.46.

CyberArk Software Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.