Boothbay Fund Management LLC Sells 1,974,675 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Boothbay Fund Management LLC reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 97.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 44,423 shares of the technology company's stock after selling 1,974,675 shares during the period. Boothbay Fund Management LLC owned 0.10% of CyberArk Software worth $14,800,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software during the fourth quarter valued at about $25,000. TD Private Client Wealth LLC boosted its holdings 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 worth $26,000 after purchasing an additional 34 shares during the period. Plato Investment Management Ltd purchased a new position in shares of CyberArk Software during the 4th quarter valued at $39,000. Graney & King LLC acquired a new stake in CyberArk Software during the fourth quarter valued at $43,000. Finally, Montag A & Associates Inc. lifted its holdings in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after buying an additional 42 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Rosenblatt Securities reissued a "buy" rating and issued a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Barclays reduced their price objective on shares of CyberArk Software from $450.00 to $405.00 and set an "overweight" rating for the company in a research note on Monday, April 14th. Cantor Fitzgerald reiterated an "overweight" rating and issued a $400.00 target price on shares of CyberArk Software in a research note on Thursday, April 24th. DA Davidson lowered their price target on CyberArk Software from $475.00 to $415.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Morgan Stanley decreased their target price on CyberArk Software from $390.00 to $380.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Two research analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, CyberArk Software currently has an average rating of "Buy" and a consensus target price of $415.18.

CyberArk Software Trading Down 0.1 %

Shares of NASDAQ:CYBR traded down $0.51 during trading on Wednesday, hitting $352.16. 306,105 shares of the company's stock were exchanged, compared to its average volume of 374,114. CyberArk Software Ltd. has a 1-year low of $341.92 and a 1-year high of $354.06. The firm has a market cap of $17.41 billion, a P/E ratio of -180.59 and a beta of 1.00. The firm has a 50-day moving average price of $341.72 and a two-hundred day moving average price of $334.92.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Company 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.