CyberArk Software Ltd. (NASDAQ:CYBR) Stock Holdings Lowered by Spire Wealth Management

Spire Wealth Management cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 61.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,843 shares of the technology company's stock after selling 2,913 shares during the quarter. Spire Wealth Management's holdings in CyberArk Software were worth $623,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its stake in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares in the last quarter. CenterBook Partners LP lifted its holdings in CyberArk Software by 2.4% during the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock worth $534,000 after buying an additional 38 shares during the last quarter. Whipplewood Advisors LLC grew its position in shares of CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares in the last quarter. Continuum Advisory LLC increased its holdings in shares of CyberArk Software by 0.6% in the 4th quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company's stock valued at $2,622,000 after acquiring an additional 48 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of CyberArk Software by 1.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company's stock valued at $1,275,000 after acquiring an additional 53 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on CYBR. Truist Financial decreased their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a report on Monday, March 31st. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. DA Davidson boosted their price objective on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Roth Capital assumed coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 price objective on the stock. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $416.79.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $7.14 on Monday, hitting $405.03. The company had a trading volume of 125,989 shares, compared to its average volume of 557,652. CyberArk Software Ltd. has a 52 week low of $230.00 and a 52 week high of $421.00. The company has a market cap of $20.02 billion, a PE ratio of -217.75 and a beta of 0.99. The business has a 50-day simple moving average of $372.61 and a 200-day simple moving average of $357.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. 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 firm's quarterly revenue was up 43.3% on a year-over-year basis. On average, equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

About CyberArk Software

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.