Y.D. More Investments Ltd lessened its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 60.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,737 shares of the technology company's stock after selling 4,117 shares during the period. Y.D. More Investments Ltd's holdings in CyberArk Software were worth $550,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC grew its stake in shares of CyberArk Software by 81.4% during the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company's stock worth $230,871,000 after acquiring an additional 472,961 shares during the last quarter. Polar Capital Holdings Plc grew its stake in shares of CyberArk Software by 15.4% during the third quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company's stock worth $97,412,000 after acquiring an additional 79,506 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in shares of CyberArk Software by 2.1% during the third quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company's stock worth $90,724,000 after acquiring an additional 11,387 shares during the last quarter. Nomura Holdings Inc. grew its stake in shares of CyberArk Software by 9.5% during the third quarter. Nomura Holdings Inc. now owns 364,875 shares of the technology company's stock worth $59,756,000 after acquiring an additional 31,660 shares during the last quarter. Finally, Acadian Asset Management LLC grew its stake in shares of CyberArk Software by 226.3% during the third quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company's stock worth $48,434,000 after acquiring an additional 205,224 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
CyberArk Software Stock Down 1.5 %
Shares of CYBR stock traded down $3.62 during trading hours on Thursday, hitting $233.54. 1,151,918 shares of the company's stock were exchanged, compared to its average volume of 580,427. The firm has a market cap of $9.87 billion, a P/E ratio of -142.39 and a beta of 1.06. The firm has a 50 day moving average of $255.34 and a two-hundred day moving average of $225.39. CyberArk Software Ltd. has a fifty-two week low of $120.11 and a fifty-two week high of $283.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The business had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. On average, equities analysts forecast that CyberArk Software Ltd. will post -1.46 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on the company. Needham & Company LLC boosted their price target on CyberArk Software from $245.00 to $310.00 and gave the stock a "buy" rating in a research note on Friday, February 9th. Morgan Stanley downgraded CyberArk Software from an "overweight" rating to an "equal weight" rating and lifted their target price for the stock from $195.00 to $240.00 in a report on Tuesday, January 9th. UBS Group lifted their target price on CyberArk Software from $215.00 to $260.00 and gave the stock a "buy" rating in a report on Wednesday, January 10th. Truist Financial lifted their target price on CyberArk Software from $250.00 to $300.00 and gave the stock a "buy" rating in a report on Friday, February 9th. Finally, BTIG Research began coverage on CyberArk Software in a report on Thursday, March 28th. They set a "buy" rating and a $317.00 target price for the company. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $258.96.
Get Our Latest Analysis on CYBR
About CyberArk Software
(
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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