Worldquant Millennium Advisors LLC Has $14 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Worldquant Millennium Advisors LLC lowered its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 8.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 42,007 shares of the technology company's stock after selling 3,654 shares during the period. Worldquant Millennium Advisors LLC owned about 0.10% of CyberArk Software worth $13,995,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its stake in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares during the last quarter. Plato Investment Management Ltd acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $39,000. Graney & King LLC acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $43,000. Montag A & Associates Inc. grew its stake in shares of CyberArk Software by 47.2% in 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 grew its stake in shares of CyberArk Software by 325.7% in 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. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Up 0.6%

NASDAQ CYBR traded up $2.32 during trading on Tuesday, reaching $383.61. The company's stock had a trading volume of 231,073 shares, compared to its average volume of 548,043. The stock has a market capitalization of $18.96 billion, a PE ratio of -196.90 and a beta of 0.99. The business has a 50-day moving average price of $346.26 and a 200-day moving average price of $344.70. 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 posted its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. The firm 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%. The company's revenue was up 43.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.75 earnings per share. As a group, analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

CYBR has been the topic of several analyst reports. Stifel Nicolaus lifted their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Robert W. Baird lifted their target price on shares of CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 14th. Piper Sandler lifted their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Wall Street Zen downgraded shares of CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Canaccord Genuity Group lifted their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Two equities research 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $415.71.

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.