Castleark Management LLC Has $10.51 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Castleark Management LLC lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 31,560 shares of the technology company's stock after selling 1,370 shares during the period. Castleark Management LLC owned approximately 0.07% of CyberArk Software worth $10,514,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CYBR. China Universal Asset Management Co. Ltd. acquired a new position in CyberArk Software in the 4th quarter valued at $1,166,000. Spire Wealth Management boosted 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 acquiring an additional 3,344 shares during the period. Geneos Wealth Management Inc. boosted 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 acquiring an additional 1,024 shares during the period. Van ECK Associates Corp grew its position in shares of CyberArk Software by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 17,870 shares of the technology company's stock valued at $5,953,000 after purchasing an additional 1,035 shares during the last quarter. Finally, Alta Wealth Advisors LLC acquired a new stake in CyberArk Software in the 4th quarter valued at approximately $507,000. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of NASDAQ CYBR traded up $7.48 during midday trading on Monday, reaching $381.29. 915,383 shares of the stock were exchanged, compared to its average volume of 549,244. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The company has a market capitalization of $18.85 billion, a price-to-earnings ratio of -195.53 and a beta of 0.99. The business has a 50-day simple moving average of $345.60 and a two-hundred day simple moving average of $344.10.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its 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 0.45% and a negative net margin of 9.34%. The firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. During the same period in the previous year, the company posted $0.75 earnings per share. The company's revenue for the quarter was up 43.3% on a year-over-year basis. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the subject of several research reports. Wall Street Zen cut CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. JMP Securities increased their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. Rosenblatt Securities restated a "buy" rating and issued a $445.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th. Robert W. Baird boosted their price objective on shares of CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. Finally, KeyCorp reduced their target price on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $415.71.

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.