CyberArk Software Ltd. (NASDAQ:CYBR) Stock Holdings Decreased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. cut its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 88,000 shares of the technology company's stock after selling 6,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned about 0.21% of CyberArk Software worth $19,276,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. 1832 Asset Management L.P. purchased a new position in shares of CyberArk Software in the 4th quarter valued at approximately $33,000. Assetmark Inc. lifted its stake in shares of CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company's stock worth $41,000 after buying an additional 95 shares during the period. UniSuper Management Pty Ltd purchased a new stake in shares of CyberArk Software during the second quarter valued at $47,000. Desjardins Global Asset Management Inc. increased its position in shares of CyberArk Software by 22.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company's stock valued at $62,000 after acquiring an additional 51 shares during the period. Finally, Ronald Blue Trust Inc. increased its position in shares of CyberArk Software by 250.4% in the 3rd quarter. Ronald Blue Trust Inc. now owns 466 shares of the technology company's stock valued at $73,000 after acquiring an additional 333 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

Analysts Set New Price Targets

A number of analysts have commented on CYBR shares. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $300.00 price target on shares of CyberArk Software in a research report on Wednesday. Truist Financial increased their price target on shares of CyberArk Software from $250.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Oppenheimer lifted their price objective on shares of CyberArk Software from $195.00 to $260.00 and gave the company an "outperform" rating in a research note on Monday, January 8th. BTIG Research initiated coverage on shares of CyberArk Software in a research note on Thursday, March 28th. They issued a "buy" rating and a $317.00 price objective on the stock. Finally, UBS Group boosted their target price on shares of CyberArk Software from $215.00 to $260.00 and gave the company a "buy" rating in a research report on Wednesday, January 10th. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, CyberArk Software has an average rating of "Moderate Buy" and an average price target of $258.54.

CyberArk Software Stock Down 1.7 %

Shares of CyberArk Software stock traded down $3.99 during trading hours on Wednesday, reaching $235.98. 421,385 shares of the company's stock were exchanged, compared to its average volume of 590,118. The business has a fifty day moving average of $259.93 and a two-hundred day moving average of $219.92. The company has a market capitalization of $9.97 billion, a P/E ratio of -146.59 and a beta of 1.05. CyberArk Software Ltd. has a 1 year low of $120.11 and a 1 year high of $283.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.53. The company had revenue of $223.10 million during the quarter, compared to analysts' expectations of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. As a group, research analysts predict that CyberArk Software Ltd. will post -1.46 EPS for the current year.

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.