Brown Advisory Inc. Decreases Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Brown Advisory Inc. reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 63.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 849 shares of the technology company's stock after selling 1,473 shares during the quarter. Brown Advisory Inc.'s holdings in CyberArk Software were worth $287,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. TD Private Client Wealth LLC raised its position in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after purchasing an additional 34 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC grew its stake in shares of CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after buying an additional 46 shares during the last quarter. Bessemer Group Inc. grew its stake in shares of CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after buying an additional 80 shares during the last quarter. Finally, Graney & King LLC purchased a new stake in shares of CyberArk Software in the 4th quarter worth approximately $43,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CYBR shares. Truist Financial cut their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Needham & Company LLC restated a "buy" rating and issued a $480.00 price target on shares of CyberArk Software in a research note on Thursday, March 20th. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. DA Davidson raised their price target on CyberArk Software from $435.00 to $465.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Finally, Morgan Stanley restated 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 assigned 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 a consensus target price of $418.04.

CyberArk Software Trading Up 0.5%

Shares of NASDAQ:CYBR traded up $1.86 during midday trading on Friday, hitting $385.34. The stock had a trading volume of 169,049 shares, compared to its average volume of 575,705. The company has a market capitalization of $19.05 billion, a PE ratio of -206.76 and a beta of 1.00. The stock has a 50 day moving average price of $383.71 and a two-hundred day moving average price of $363.30. CyberArk Software Ltd. has a 1 year low of $230.00 and a 1 year high of $421.00.

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

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.