Tidal Investments LLC Cuts Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Tidal Investments LLC cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,028 shares of the technology company's stock after selling 2,150 shares during the period. Tidal Investments LLC owned about 0.07% of CyberArk Software worth $9,671,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Thoma Bravo L.P. purchased a new position in CyberArk Software in the fourth quarter valued at $380,637,000. Snowden Capital Advisors LLC purchased a new position in CyberArk Software in the fourth quarter valued at $239,000. Shay Capital LLC acquired a new stake in CyberArk Software in the fourth quarter valued at approximately $267,000. Seven Grand Managers LLC acquired a new stake in CyberArk Software in the fourth quarter valued at approximately $16,658,000. Finally, Raiffeisen Bank International AG purchased a new position in CyberArk Software in the fourth quarter worth approximately $13,057,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CYBR has been the subject of several analyst reports. Truist Financial lowered their price target 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. Royal Bank of Canada reiterated an "outperform" rating and set a $420.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Piper Sandler boosted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Barclays reiterated an "overweight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $400.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Two 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, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus price target of $415.71.

CyberArk Software Trading Up 2.0%

CYBR stock traded up $7.48 on Friday, hitting $381.29. The company's stock had a trading volume of 915,383 shares, compared to its average volume of 549,244. The firm has a 50 day moving average of $345.60 and a two-hundred day moving average of $343.76. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00. The stock has a market cap of $18.85 billion, a price-to-earnings ratio of -195.53 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.79 by $0.19. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The firm had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same quarter in the prior year, the firm earned $0.75 EPS. CyberArk Software's revenue for the quarter was up 43.3% on a year-over-year basis. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS 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.