Charles Schwab Investment Management Inc. lowered its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 24,943 shares of the technology company’s stock after selling 981 shares during the period. Charles Schwab Investment Management Inc. owned 0.06% of CyberArk Software worth $5,464,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Desjardins Global Asset Management Inc. boosted its stake in shares of CyberArk Software by 22.1% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after buying an additional 51 shares during the period. Signaturefd LLC grew its stake in shares of CyberArk Software by 6.6% in the 4th quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock valued at $190,000 after purchasing an additional 54 shares during the last quarter. HighTower Advisors LLC increased its holdings in shares of CyberArk Software by 1.1% in the third quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock valued at $894,000 after purchasing an additional 60 shares during the period. Wealth Alliance raised its stake in shares of CyberArk Software by 2.6% during the fourth quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock worth $526,000 after purchasing an additional 60 shares during the last quarter. Finally, Regal Investment Advisors LLC raised its stake in shares of CyberArk Software by 1.6% during the third quarter. Regal Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $641,000 after purchasing an additional 61 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.
CyberArk Software Price Performance
CYBR stock opened at $229.90 on Tuesday. CyberArk Software Ltd. has a 12 month low of $142.92 and a 12 month high of $283.00. The firm has a market capitalization of $9.72 billion, a PE ratio of -359.21 and a beta of 1.08. The company’s 50 day simple moving average is $244.23 and its 200-day simple moving average is $236.35.
CyberArk Software (NASDAQ:CYBR – Get Free Report) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The firm had revenue of $221.55 million for the quarter, compared to analysts’ expectations of $213.42 million. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -1.24 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several equities analysts have issued reports on CYBR shares. Susquehanna boosted their price objective on shares of CyberArk Software from $255.00 to $310.00 and gave the company a “positive” rating in a research note on Friday, February 9th. BTIG Research started coverage on shares of CyberArk Software in a report on Thursday, March 28th. They set a “buy” rating and a $317.00 price target for the company. DA Davidson raised their price objective on shares of CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research report on Friday, May 3rd. Finally, Mizuho increased their target price on CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $267.29.
Read Our Latest Analysis on CYBR
CyberArk Software Company 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.
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