NZS Capital LLC Cuts Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

NZS Capital LLC trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 30.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 71,421 shares of the technology company's stock after selling 31,790 shares during the quarter. NZS Capital LLC owned approximately 0.16% of CyberArk Software worth $23,794,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. TD Private Client Wealth LLC grew its position in shares of CyberArk Software by 79.1% in the 4th 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 last quarter. CenterBook Partners LP grew its position in shares of CyberArk Software by 2.4% in the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock worth $534,000 after buying an additional 38 shares during the last quarter. Montag A & Associates Inc. grew its position in shares of CyberArk Software by 47.2% in the 4th 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 last quarter. Venturi Wealth Management LLC grew its position in shares of CyberArk Software by 6.9% in the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company's stock worth $268,000 after buying an additional 52 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in shares of CyberArk Software by 1.4% in the 4th quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company's stock worth $1,275,000 after buying an additional 53 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Performance

Shares of CyberArk Software stock traded down $0.06 on Thursday, hitting $352.10. 254,130 shares of the company traded hands, compared to its average volume of 534,382. The stock has a market capitalization of $17.40 billion, a P/E ratio of -180.56 and a beta of 1.00. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The business has a 50-day simple moving average of $341.10 and a 200 day simple moving average of $335.04.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. Research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on the company. Piper Sandler lifted their price target on CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Citigroup lifted their price target on CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. StockNews.com lowered CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. DA Davidson dropped their price target on CyberArk Software from $475.00 to $415.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Finally, Oppenheimer lifted their price objective on CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a report on Wednesday, February 5th. Two research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, CyberArk Software has an average rating of "Buy" and a consensus price target of $415.18.

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.