Madison Asset Management LLC Sells 2,170 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Madison Asset Management LLC decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 23.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,911 shares of the technology company's stock after selling 2,170 shares during the quarter. Madison Asset Management LLC's holdings in CyberArk Software were worth $2,336,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC grew its stake in CyberArk Software by 3.6% in the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock worth $282,000 after purchasing an additional 29 shares during the period. KLP Kapitalforvaltning AS grew its stake in shares of CyberArk Software by 14.0% in the first quarter. KLP Kapitalforvaltning AS now owns 15,450 shares of the technology company's stock worth $5,222,000 after acquiring an additional 1,900 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of CyberArk Software in the first quarter worth $5,166,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of CyberArk Software in the first quarter worth $2,926,000. Finally, Crestwood Advisors Group LLC grew its stake in shares of CyberArk Software by 205.0% in the first quarter. Crestwood Advisors Group LLC now owns 4,621 shares of the technology company's stock worth $1,562,000 after acquiring an additional 3,106 shares during the last quarter. Institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on CYBR shares. Barclays increased their price objective on CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a research report on Monday, July 14th. Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a research report on Tuesday, May 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $420.00 price objective on shares of CyberArk Software in a research report on Tuesday, July 22nd. Stephens started coverage on CyberArk Software in a research report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price objective on the stock. Finally, Truist Financial dropped their price objective on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $418.75.

CyberArk Software Stock Up 0.9%

NASDAQ CYBR traded up $3.38 during trading on Friday, hitting $378.72. 287,692 shares of the stock traded hands, compared to its average volume of 660,432. The company has a market capitalization of $18.72 billion, a P/E ratio of -203.61 and a beta of 1.00. The firm has a 50-day simple moving average of $386.70 and a 200-day simple moving average of $365.63. CyberArk Software Ltd. has a 12-month low of $230.00 and a 12-month high of $421.00.

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