MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 11,470 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. decreased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 159,765 shares of the technology company's stock after selling 11,470 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.37% of CyberArk Software worth $53,209,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $25,000. TD Private Client Wealth LLC boosted its holdings in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after buying an additional 34 shares during the period. Plato Investment Management Ltd acquired a new position in shares of CyberArk Software in the fourth quarter worth about $39,000. Graney & King LLC acquired a new position in shares of CyberArk Software in the fourth quarter worth about $43,000. Finally, Montag A & Associates Inc. boosted its holdings in shares of CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Performance

NASDAQ:CYBR traded down $0.05 on Friday, hitting $355.00. 667,570 shares of the stock were exchanged, compared to its average volume of 543,032. The stock has a market capitalization of $17.55 billion, a price-to-earnings ratio of -182.05 and a beta of 0.99. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The company's 50-day moving average price is $343.15 and its 200 day moving average price is $340.90.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate 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 positive return on equity of 0.45% and a negative net margin of 9.34%. The company's quarterly revenue was up 43.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.75 EPS. As a group, equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have commented on CYBR. Guggenheim reiterated a "buy" rating and issued a $455.00 target price on shares of CyberArk Software in a report on Tuesday, February 25th. Needham & Company LLC reaffirmed a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. JMP Securities raised their price objective on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a research report on Friday, February 14th. KeyCorp cut their price objective on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research report on Thursday, April 17th. Finally, Morgan Stanley reissued an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $415.71.

CyberArk Software 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.