Jennison Associates LLC trimmed its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 19.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,292,027 shares of the technology company's stock after selling 311,717 shares during the period. Jennison Associates LLC owned about 2.61% of CyberArk Software worth $436,705,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also bought and sold shares of CYBR. TD Private Client Wealth LLC grew its holdings 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 worth $26,000 after acquiring an additional 34 shares during the period. Golden State Wealth Management LLC grew its holdings in CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after acquiring an additional 39 shares during the period. Whipplewood Advisors LLC boosted its position in shares of CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares in the last quarter. Bessemer Group Inc. boosted its position in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of CyberArk Software by 340.0% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 110 shares of the technology company's stock worth $37,000 after purchasing an additional 85 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities analysts have recently issued reports on CYBR shares. Truist Financial cut their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Robert W. Baird raised their price target on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Finally, Roth Capital started coverage on shares of CyberArk Software in a research report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price target on the stock. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $418.04.
Get Our Latest Research Report on CyberArk Software
CyberArk Software Stock Up 0.5%
NASDAQ:CYBR traded up $2.10 during midday trading on Friday, hitting $385.58. The company had a trading volume of 581,738 shares, compared to its average volume of 576,523. The company has a market capitalization of $19.06 billion, a PE ratio of -207.30 and a beta of 1.00. The stock's fifty day moving average price is $384.62 and its 200-day moving average price is $364.11. CyberArk Software Ltd. has a 52-week low of $230.00 and a 52-week high of $421.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.79 by $0.19. The firm had revenue of $317.60 million during 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 company's quarterly revenue was up 43.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.75 earnings per share. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
CyberArk Software Company 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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