Jefferies Financial Group Inc. Sells 28,573 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Jefferies Financial Group Inc. reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 93.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,127 shares of the technology company's stock after selling 28,573 shares during the period. Jefferies Financial Group Inc.'s holdings in CyberArk Software were worth $709,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC grew its holdings in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after buying an additional 34 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of CyberArk Software in the fourth quarter worth $39,000. Graney & King LLC acquired a new position in shares of CyberArk Software during the fourth quarter valued at $43,000. Montag A & Associates Inc. increased its holdings in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after purchasing an additional 42 shares during the period. Finally, Coppell Advisory Solutions LLC raised its stake in shares of CyberArk Software by 325.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company's stock valued at $48,000 after purchasing an additional 114 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Up 0.4%

NASDAQ CYBR traded up $1.47 during trading on Friday, reaching $380.42. 697,433 shares of the company's stock were exchanged, compared to its average volume of 552,183. CyberArk Software Ltd. has a fifty-two week low of $225.88 and a fifty-two week high of $421.00. The firm has a market capitalization of $18.80 billion, a PE ratio of -195.09 and a beta of 0.99. The company's fifty day simple moving average is $348.57 and its 200-day simple moving average is $346.35.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $305.57 million. During the same period last year, the company posted $0.75 EPS. The business's quarterly revenue was up 43.3% compared to the same quarter last year. Equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CYBR shares. Piper Sandler boosted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. JMP Securities upped their target price on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. Robert W. Baird upped their target price on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Citigroup lifted their target price on CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Finally, Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Moderate Buy" and a consensus price target 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.