Jefferies Financial Group Inc. Sells 28,573 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Jefferies Financial Group Inc. trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 93.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,127 shares of the technology company's stock after selling 28,573 shares during the quarter. Jefferies Financial Group Inc.'s holdings in CyberArk Software were worth $709,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank bought a new stake in CyberArk Software during the fourth quarter valued at about $203,375,000. Nepsis Inc. boosted its stake in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock valued at $187,339,000 after purchasing an additional 505,088 shares during the period. Jennison Associates LLC boosted its stake in CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after purchasing an additional 391,900 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in CyberArk Software by 195.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock valued at $170,614,000 after buying an additional 336,462 shares during the last quarter. Finally, Alyeska Investment Group L.P. bought a new position in CyberArk Software in the 4th quarter worth approximately $72,842,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on CYBR. KeyCorp reduced their price target on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. JMP Securities raised their target price on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Robert W. Baird raised their price target on shares of CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $400.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given 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 target price of $415.71.

CyberArk Software Stock Down 1.6%

NASDAQ CYBR traded down $5.71 during trading hours on Monday, hitting $349.29. The company's stock had a trading volume of 576,535 shares, compared to its average volume of 543,166. The stock has a fifty day moving average of $343.15 and a 200 day moving average of $341.35. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The firm has a market capitalization of $17.26 billion, a P/E ratio of -179.12 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate 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 business had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. During the same period last year, the company earned $0.75 EPS. The firm's revenue was up 43.3% on a year-over-year basis. On average, analysts predict 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.