Deutsche Bank AG cut its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 0.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 358,570 shares of the technology company's stock after selling 755 shares during the quarter. Deutsche Bank AG owned approximately 0.82% of CyberArk Software worth $119,458,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. CHURCHILL MANAGEMENT Corp purchased a new position in CyberArk Software during the fourth quarter valued at approximately $764,000. China Universal Asset Management Co. Ltd. purchased a new position in CyberArk Software during the fourth quarter valued at approximately $1,166,000. Spire Wealth Management increased its holdings in CyberArk Software by 236.8% during the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after buying an additional 3,344 shares during the period. Geneos Wealth Management Inc. increased its holdings in CyberArk Software by 9.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock valued at $3,857,000 after buying an additional 1,024 shares during the period. Finally, Park Avenue Securities LLC increased its holdings in CyberArk Software by 27.7% during the fourth quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company's stock valued at $1,363,000 after buying an additional 887 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.
CyberArk Software Stock Performance
Shares of CYBR stock traded down $6.53 on Wednesday, reaching $354.76. 1,148,185 shares of the company were exchanged, compared to its average volume of 540,597. The company has a market cap of $17.53 billion, a price-to-earnings ratio of -181.93 and a beta of 0.99. The business has a 50-day moving average price of $341.44 and a 200 day moving average price of $339.45. 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 released its 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 positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
Analyst Ratings Changes
Several equities analysts recently issued reports on CYBR shares. Roth Capital started coverage on shares of CyberArk Software in a report on Tuesday. They set a "buy" rating and a $415.00 price objective on the stock. Piper Sandler lifted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Guggenheim reaffirmed a "buy" rating and issued a $455.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Stifel Nicolaus lifted their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Truist Financial cut their price target on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of "Moderate Buy" and an average target price of $415.71.
Read Our Latest Report on CYBR
CyberArk Software Profile
(
Free Report)
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.
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