Cubist Systematic Strategies LLC Has $9.76 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Cubist Systematic Strategies LLC trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 46.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,285 shares of the technology company's stock after selling 25,213 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 0.07% of CyberArk Software worth $9,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in CYBR. Wilmington Savings Fund Society FSB acquired a new stake in CyberArk Software in the third quarter valued at approximately $144,000. Nordea Investment Management AB raised its holdings in shares of CyberArk Software by 7.9% during the 4th quarter. Nordea Investment Management AB now owns 3,024 shares of the technology company's stock valued at $993,000 after purchasing an additional 221 shares in the last quarter. Fulton Bank N.A. lifted its stake in shares of CyberArk Software by 4.7% in the 4th quarter. Fulton Bank N.A. now owns 1,994 shares of the technology company's stock valued at $664,000 after purchasing an additional 90 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in CyberArk Software by 4.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,105 shares of the technology company's stock worth $701,000 after purchasing an additional 90 shares in the last quarter. Finally, Brookstone Capital Management acquired a new position in CyberArk Software during the fourth quarter worth $202,000. Institutional investors own 91.84% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CYBR shares. Needham & Company LLC reiterated a "buy" rating and set a $480.00 price target on shares of CyberArk Software in a research note on Thursday, March 20th. Oppenheimer upped their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a research report on Wednesday, February 5th. Piper Sandler lifted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Wells Fargo & Company upped their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. lifted their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of "Buy" and a consensus price target of $415.18.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded down $5.42 during midday trading on Friday, reaching $359.04. 661,033 shares of the company traded hands, compared to its average volume of 530,099. The stock's 50-day simple moving average is $340.85 and its 200-day simple moving average is $338.44. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The firm has a market cap of $17.75 billion, a PE ratio of -184.12 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results 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%. On average, equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS 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.