CyberArk Software Ltd. (NASDAQ:CYBR) Position Lowered by Greenvale Capital LLP

Greenvale Capital LLP reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 38.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 452,385 shares of the technology company's stock after selling 287,615 shares during the period. CyberArk Software comprises approximately 11.2% of Greenvale Capital LLP's portfolio, making the stock its 2nd largest position. Greenvale Capital LLP owned approximately 1.04% of CyberArk Software worth $150,712,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB lifted its holdings in shares of CyberArk Software by 7.9% in 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 during the last quarter. Fulton Bank N.A. grew its position in shares of CyberArk Software by 4.7% during the fourth quarter. Fulton Bank N.A. now owns 1,994 shares of the technology company's stock worth $664,000 after acquiring an additional 90 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of CyberArk Software by 4.5% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 2,105 shares of the technology company's stock valued at $701,000 after acquiring an additional 90 shares during the period. Brookstone Capital Management purchased a new stake in CyberArk Software in the 4th quarter valued at $202,000. Finally, Kieckhefer Group LLC acquired a new stake in CyberArk Software during the 4th quarter worth $67,000. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Performance

CYBR stock opened at $359.04 on Friday. The stock's 50 day moving average price is $340.85 and its 200 day moving average price is $338.10. The firm has a market cap of $17.75 billion, a P/E ratio of -184.12 and a beta of 0.99. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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, research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CYBR. Truist Financial reduced their target price on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a report on Monday, March 31st. Barclays decreased their price objective on CyberArk Software from $450.00 to $405.00 and set an "overweight" rating for the company in a research report on Monday, April 14th. Stephens assumed coverage on CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 target price on the stock. Morgan Stanley decreased their price target on CyberArk Software from $390.00 to $380.00 and set an "equal weight" rating for the company in a report on Wednesday, April 16th. Finally, Citigroup boosted their price objective on shares of CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Two investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $415.18.

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.

Want to see what other hedge funds are holding CYBR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for CyberArk Software Ltd. (NASDAQ:CYBR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.