Hood River Capital Management LLC Acquires 1,050 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Hood River Capital Management LLC increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 0.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 252,975 shares of the technology company's stock after acquiring an additional 1,050 shares during the period. CyberArk Software accounts for about 1.2% of Hood River Capital Management LLC's holdings, making the stock its 25th largest position. Hood River Capital Management LLC owned about 0.58% of CyberArk Software worth $84,279,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Norges Bank acquired a new position in CyberArk Software in the 4th quarter valued at $203,375,000. Nepsis Inc. lifted its holdings in shares of CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after acquiring an additional 505,088 shares during the period. Jennison Associates LLC raised its position in CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after purchasing an additional 391,900 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock worth $170,614,000 after purchasing an additional 336,462 shares during the period. Finally, Alliancebernstein L.P. boosted its holdings in CyberArk Software by 144.8% during the fourth quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock valued at $81,786,000 after purchasing an additional 145,221 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded down $7.47 during trading on Monday, hitting $341.82. 265,709 shares of the company were exchanged, compared to its average volume of 535,663. The firm has a market capitalization of $16.90 billion, a P/E ratio of -175.51 and a beta of 1.00. The firm's fifty day moving average price is $343.93 and its 200 day moving average price is $334.44. 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 data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) 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%. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Guggenheim restated a "buy" rating and issued a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Truist Financial reduced their price target on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $400.00 price objective on shares of CyberArk Software in a report on Thursday. Needham & Company LLC restated a "buy" rating and set a $480.00 price target on shares of CyberArk Software in a research report on Thursday, March 20th. Finally, Scotiabank lifted their price objective on CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $415.18.

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.