Tidal Investments LLC Sells 2,150 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Tidal Investments LLC cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 29,028 shares of the technology company's stock after selling 2,150 shares during the period. Tidal Investments LLC owned approximately 0.07% of CyberArk Software worth $9,671,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. China Universal Asset Management Co. Ltd. purchased a new stake in CyberArk Software in the 4th quarter valued at $1,166,000. Spire Wealth Management raised its position in CyberArk Software by 236.8% in the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after buying an additional 3,344 shares during the last quarter. Geneos Wealth Management Inc. raised its position in CyberArk Software by 9.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock valued at $3,857,000 after buying an additional 1,024 shares during the last quarter. Park Avenue Securities LLC raised its position in CyberArk Software by 27.7% in the 4th quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company's stock valued at $1,363,000 after buying an additional 887 shares during the last quarter. Finally, Van ECK Associates Corp raised its position in CyberArk Software by 6.1% in the 4th quarter. Van ECK Associates Corp now owns 17,870 shares of the technology company's stock valued at $5,953,000 after buying an additional 1,035 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Stifel Nicolaus increased their price target on CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price target on CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Truist Financial decreased their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Royal Bank of Canada reaffirmed an "outperform" rating and set a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Piper Sandler raised their target price on CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Two research 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. According to data from MarketBeat.com, CyberArk Software has a consensus rating of "Moderate Buy" and a consensus price target of $415.71.

CyberArk Software Stock Down 1.6%

Shares of NASDAQ CYBR opened at $349.29 on Tuesday. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The business has a 50-day simple moving average of $343.37 and a two-hundred day simple moving average of $341.86. The company has a market cap of $17.26 billion, a P/E ratio of -179.12 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate 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 business had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same quarter last year, the company earned $0.75 EPS. The firm's revenue was up 43.3% compared to the same quarter last year. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Company 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.

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