Vident Advisory LLC Has $18.08 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Vident Advisory LLC increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 31.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 54,266 shares of the technology company's stock after buying an additional 13,134 shares during the quarter. Vident Advisory LLC owned about 0.12% of CyberArk Software worth $18,079,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CyberArk Software in the 4th quarter worth about $25,000. TD Private Client Wealth LLC boosted its stake in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after purchasing an additional 34 shares during the period. Plato Investment Management Ltd bought a new position in CyberArk Software in the 4th quarter worth about $39,000. Graney & King LLC acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $43,000. Finally, Montag A & Associates Inc. raised its holdings in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after buying an additional 42 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms recently commented on CYBR. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Wall Street Zen downgraded shares of CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Citigroup boosted their target price on CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. DA Davidson upped their target price on CyberArk Software from $415.00 to $435.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Finally, Truist Financial lowered their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $415.71.

CyberArk Software Stock Performance

Shares of CyberArk Software stock traded up $19.74 on Thursday, reaching $373.81. The stock had a trading volume of 1,252,414 shares, compared to its average volume of 546,005. The business's 50-day moving average price is $344.32 and its two-hundred day moving average price is $342.04. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The stock has a market cap of $18.48 billion, a P/E ratio of -191.70 and a beta of 0.99.

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