Lazard Asset Management LLC cut its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 42.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,211 shares of the technology company's stock after selling 19,730 shares during the period. Lazard Asset Management LLC owned about 0.06% of CyberArk Software worth $8,732,000 at the end of the most recent quarter.
A number of other hedge funds have also recently bought and sold shares of the company. Jennison Associates LLC boosted its position in CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after buying an additional 391,900 shares during the last quarter. First Trust Advisors LP grew its stake in shares of CyberArk Software by 2.3% during the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after purchasing an additional 20,832 shares during the period. Pictet Asset Management Holding SA grew its stake in shares of CyberArk Software by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock worth $292,651,000 after purchasing an additional 68,359 shares during the period. Norges Bank acquired a new stake in shares of CyberArk Software during the fourth quarter worth $203,375,000. Finally, Nepsis Inc. grew its stake in shares of CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after purchasing an additional 505,088 shares during the period. 91.84% of the stock is currently owned by institutional investors.
CyberArk Software Price Performance
NASDAQ CYBR traded up $3.79 during trading on Tuesday, reaching $353.08. 244,780 shares of the company's stock were exchanged, compared to its average volume of 542,026. The business has a 50 day moving average price of $343.37 and a 200-day moving average price of $341.86. The stock has a market capitalization of $17.45 billion, a P/E ratio of -181.30 and a beta of 0.99. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week 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 EPS for the quarter, beating 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 company had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. During the same quarter in the prior year, the business earned $0.75 earnings per share. The firm's revenue for the quarter was up 43.3% on a year-over-year basis. On average, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
Wall Street Analysts Forecast Growth
CYBR has been the subject of a number of analyst reports. Robert W. Baird lifted their price objective on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. DA Davidson lifted their price objective on CyberArk Software from $415.00 to $435.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Rosenblatt Securities reiterated a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Piper Sandler lifted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Two research 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. According to MarketBeat, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus target price of $415.71.
Check Out Our Latest Stock Report on CyberArk Software
CyberArk Software Profile
(
Free Report)
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.
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