Whale Rock Capital Management LLC Trims Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Whale Rock Capital Management LLC trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 452,351 shares of the technology company's stock after selling 8,613 shares during the quarter. CyberArk Software comprises 1.8% of Whale Rock Capital Management LLC's holdings, making the stock its 24th largest position. Whale Rock Capital Management LLC owned approximately 1.04% of CyberArk Software worth $150,701,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. acquired a new stake in CyberArk Software during the fourth quarter worth about $1,166,000. Spire Wealth Management grew its holdings in CyberArk Software by 236.8% during the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock worth $1,584,000 after acquiring an additional 3,344 shares during the period. Geneos Wealth Management Inc. grew its holdings in CyberArk Software by 9.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock worth $3,857,000 after acquiring an additional 1,024 shares during the period. Park Avenue Securities LLC grew its holdings in CyberArk Software by 27.7% during the fourth quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company's stock worth $1,363,000 after acquiring an additional 887 shares during the period. Finally, Van ECK Associates Corp grew its holdings in CyberArk Software by 6.1% during the fourth quarter. Van ECK Associates Corp now owns 17,870 shares of the technology company's stock worth $5,953,000 after acquiring an additional 1,035 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CYBR has been the topic of several analyst reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Roth Capital initiated coverage on CyberArk Software in a report on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price on the stock. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Stephens assumed coverage on CyberArk Software in a report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 target price on the stock. Finally, Stifel Nicolaus raised their price objective on CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, CyberArk Software currently has a consensus rating of "Moderate Buy" and an average price target of $415.71.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded up $7.48 during trading on Friday, reaching $381.29. The stock had a trading volume of 915,383 shares, compared to its average volume of 549,244. The business has a fifty day moving average price of $345.60 and a 200-day moving average price of $343.76. The stock has a market cap of $18.85 billion, a PE ratio of -195.53 and a beta of 0.99. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00.

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, topping analysts' consensus estimates 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 firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. During the same period in the previous year, the company posted $0.75 earnings per share. The business's revenue was up 43.3% on a year-over-year basis. Sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share 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.