Two Sigma Advisers LP Sells 15,600 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Two Sigma Advisers LP trimmed its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 48.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,500 shares of the technology company's stock after selling 15,600 shares during the period. Two Sigma Advisers LP's holdings in CyberArk Software were worth $5,497,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

CYBR has been the subject of several research reports. Cantor Fitzgerald reissued an "overweight" rating and set a $400.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Guggenheim reissued a "buy" rating and set a $455.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Needham & Company LLC reissued a "buy" rating and set a $480.00 price target on shares of CyberArk Software in a report on Thursday, March 20th. Oppenheimer lifted their price target on CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lifted their price target on CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. 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 stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $415.71.

CyberArk Software Stock Down 0.6%

Shares of CYBR traded down $2.30 during midday trading on Friday, hitting $376.65. The company's stock had a trading volume of 156,759 shares, compared to its average volume of 550,070. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The company's fifty day simple moving average is $348.13 and its two-hundred day simple moving average is $345.80. The stock has a market capitalization of $18.62 billion, a price-to-earnings ratio of -193.12 and a beta of 0.99.

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 the consensus estimate of $0.79 by $0.19. The company had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The company's revenue for the quarter was up 43.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.75 EPS. On average, research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current 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.