CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Swiss National Bank

Swiss National Bank trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 130,600 shares of the technology company's stock after selling 4,500 shares during the period. Swiss National Bank owned 0.32% of CyberArk Software worth $28,608,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Victory Capital Management Inc. boosted its holdings in CyberArk Software by 1.5% in the 4th quarter. Victory Capital Management Inc. now owns 185,020 shares of the technology company's stock worth $40,529,000 after buying an additional 2,726 shares during the period. Norden Group LLC raised its stake in shares of CyberArk Software by 60.0% during the 4th quarter. Norden Group LLC now owns 2,373 shares of the technology company's stock valued at $520,000 after purchasing an additional 890 shares during the period. Alliance Wealth Advisors LLC UT lifted its holdings in CyberArk Software by 2.9% during the 4th quarter. Alliance Wealth Advisors LLC UT now owns 2,967 shares of the technology company's stock worth $650,000 after purchasing an additional 85 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in CyberArk Software by 8.3% in the 4th quarter. Russell Investments Group Ltd. now owns 21,013 shares of the technology company's stock worth $4,603,000 after purchasing an additional 1,619 shares during the period. Finally, Truist Financial Corp grew its holdings in CyberArk Software by 5.9% during the 4th quarter. Truist Financial Corp now owns 46,187 shares of the technology company's stock valued at $10,117,000 after buying an additional 2,554 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Needham & Company LLC restated a "buy" rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Friday, May 3rd. Citigroup increased their price objective on CyberArk Software from $215.00 to $265.00 and gave the stock a "buy" rating in a research report on Wednesday, January 10th. Bank of America restated a "buy" rating and set a $315.00 target price on shares of CyberArk Software in a research report on Wednesday, April 24th. Wedbush reiterated an "outperform" rating and set a $285.00 price target on shares of CyberArk Software in a research report on Friday, May 3rd. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $300.00 price objective on shares of CyberArk Software in a research report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $265.63.

CyberArk Software Stock Performance

NASDAQ:CYBR traded down $1.53 during midday trading on Thursday, reaching $233.35. 328,327 shares of the stock traded hands, compared to its average volume of 580,338. The company has a fifty day moving average of $252.40 and a 200 day moving average of $227.76. The stock has a market capitalization of $9.86 billion, a P/E ratio of -364.61 and a beta of 1.06. CyberArk Software Ltd. has a 12 month low of $135.02 and a 12 month 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 analysts' consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The business had revenue of $223.10 million during the quarter, compared to analysts' expectations of $209.65 million. On average, analysts predict that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal 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.