Taylor Frigon Capital Management LLC Has $2.54 Million Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Taylor Frigon Capital Management LLC cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 28.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 8,161 shares of the technology company's stock after selling 3,323 shares during the quarter. CyberArk Software comprises about 1.5% of Taylor Frigon Capital Management LLC's investment portfolio, making the stock its 9th biggest position. Taylor Frigon Capital Management LLC's holdings in CyberArk Software were worth $2,540,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC increased its position in shares of CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after acquiring an additional 34 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares during the last quarter. Bessemer Group Inc. increased its holdings in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares during the last quarter. Finally, Plato Investment Management Ltd bought a new stake in CyberArk Software in the fourth quarter valued at about $39,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Down 1.5%

NASDAQ CYBR traded down $5.85 during trading on Wednesday, reaching $385.88. The company's stock had a trading volume of 229,210 shares, compared to its average volume of 558,851. The stock has a market capitalization of $19.07 billion, a PE ratio of -207.33 and a beta of 1.00. The business has a 50-day moving average price of $375.89 and a 200-day moving average price of $358.27. 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 posted its earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.79 by $0.19. The firm 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% on a year-over-year basis. During the same period in the prior year, the business posted $0.75 earnings per share. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

CYBR has been the subject of several research analyst reports. Truist Financial lowered their price objective on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a report on Monday, March 31st. Roth Capital started coverage on CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 target price for the company. KeyCorp decreased their target price on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Royal Bank Of Canada reiterated an "outperform" rating and set a $420.00 price objective on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $416.79.

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.