Granahan Investment Management LLC Decreases Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Granahan Investment Management LLC trimmed its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 24.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 37,038 shares of the technology company's stock after selling 12,114 shares during the quarter. Granahan Investment Management LLC owned 0.09% of CyberArk Software worth $12,339,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position 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% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after acquiring an additional 34 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of CyberArk Software during the 4th quarter valued at approximately $39,000. Graney & King LLC purchased a new stake in shares of CyberArk Software during the 4th quarter worth approximately $43,000. Finally, Montag A & Associates Inc. raised its holdings 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 period. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Down 0.5%

CyberArk Software stock traded down $1.85 during midday trading on Thursday, reaching $352.91. 584,035 shares of the stock traded hands, compared to its average volume of 649,761. The stock has a market cap of $17.44 billion, a P/E ratio of -181.31 and a beta of 0.99. The stock's fifty day moving average is $341.83 and its 200-day moving average is $339.56. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. KeyCorp decreased their target price on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company upped their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Rosenblatt Securities reiterated a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a research note on Tuesday. Cantor Fitzgerald reissued an "overweight" rating and issued a $400.00 price target on shares of CyberArk Software in a research report on Tuesday. Finally, Oppenheimer lifted their price objective on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $415.71.

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.