7,721 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Purchased by XTX Topco Ltd

XTX Topco Ltd acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 7,721 shares of the technology company's stock, valued at approximately $2,572,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in CYBR. Quantinno Capital Management LP increased its position in CyberArk Software by 4.9% during the third quarter. Quantinno Capital Management LP now owns 1,553 shares of the technology company's stock worth $453,000 after buying an additional 73 shares during the period. MML Investors Services LLC boosted its stake in CyberArk Software by 3.1% during the 3rd quarter. MML Investors Services LLC now owns 8,339 shares of the technology company's stock worth $2,432,000 after purchasing an additional 249 shares during the period. Geode Capital Management LLC grew its position in CyberArk Software by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company's stock worth $108,020,000 after purchasing an additional 14,724 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in shares of CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock valued at $359,000 after buying an additional 42 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB acquired a new stake in shares of CyberArk Software during the third quarter worth about $144,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Ratings Changes

Several analysts have commented on the company. Stephens assumed coverage on CyberArk Software in a research note on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price objective for the company. Robert W. Baird boosted their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Piper Sandler raised their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Guggenheim reissued a "buy" rating and set a $455.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Finally, Needham & Company LLC reiterated a "buy" rating and set a $480.00 target price on shares of CyberArk Software in a research report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $412.14.

CyberArk Software Stock Performance

CyberArk Software stock traded down $5.46 during midday trading on Friday, reaching $325.84. The stock had a trading volume of 646,229 shares, compared to its average volume of 534,385. The stock has a market capitalization of $16.11 billion, a PE ratio of -167.10 and a beta of 1.00. The stock's 50-day simple moving average is $351.30 and its 200 day simple moving average is $331.98. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00.

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

About CyberArk Software

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.