CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 504,895 shares of the technology company's stock after selling 3,460 shares during the period. Allspring Global Investments Holdings LLC owned about 1.02% of CyberArk Software worth $175,835,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Thoma Bravo L.P. purchased a new stake in shares of CyberArk Software during the fourth quarter worth approximately $380,637,000. First Trust Advisors LP increased its stake in shares of CyberArk Software by 2.3% during the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after buying an additional 20,832 shares during the period. Pictet Asset Management Holding SA increased its stake in shares of CyberArk Software by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock worth $292,651,000 after buying an additional 68,359 shares during the period. Norges Bank purchased a new stake in shares of CyberArk Software during the fourth quarter worth approximately $203,375,000. Finally, Driehaus Capital Management LLC increased its stake in shares of CyberArk Software by 31.5% during the fourth quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock worth $159,278,000 after buying an additional 114,622 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR traded down $5.67 during trading on Friday, reaching $397.89. The company had a trading volume of 410,617 shares, compared to its average volume of 559,100. The stock's fifty day moving average price is $372.61 and its 200 day moving average price is $357.13. CyberArk Software Ltd. has a fifty-two week low of $230.00 and a fifty-two week high of $421.00. The firm has a market capitalization of $19.67 billion, a price-to-earnings ratio of -213.92 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The firm had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same period last year, the company earned $0.75 earnings per share. The company's revenue for the quarter was up 43.3% on a year-over-year basis. On average, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of recent research reports. Barclays restated an "overweight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Citigroup upped their target price on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Cantor Fitzgerald reiterated an "overweight" rating and issued a $400.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and issued a $480.00 price target on shares of CyberArk Software in a research note on Thursday, March 20th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $416.79.

CyberArk Software 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.