CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC reduced its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 409,805 shares of the technology company’s stock after selling 10,221 shares during the period. CyberArk Software makes up about 1.8% of Stephens Investment Management Group LLC’s investment portfolio, making the stock its biggest position. Stephens Investment Management Group LLC owned approximately 0.94% of CyberArk Software worth $136,527,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software in the 4th quarter valued at $25,000. Assetmark Inc. raised its holdings in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares during the period. Brown Lisle Cummings Inc. acquired a new position in shares of CyberArk Software in the fourth quarter valued at approximately $50,000. Transcendent Capital Group LLC bought a new stake in shares of CyberArk Software during the third quarter worth $51,000. Finally, Kieckhefer Group LLC acquired a new stake in shares of CyberArk Software during the fourth quarter worth $67,000. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CYBR. Barclays upped their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Piper Sandler lifted their target price on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday. JMP Securities reaffirmed a “market outperform” rating and set a $360.00 price target on shares of CyberArk Software in a research report on Tuesday, January 14th. Mizuho increased their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Citigroup lifted their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $371.89.

CyberArk Software Trading Up 0.4 %

NASDAQ CYBR opened at $384.29 on Friday. The company has a market cap of $16.74 billion, a price-to-earnings ratio of 1,423.35 and a beta of 1.15. The company has a 50 day moving average of $340.76 and a 200-day moving average of $303.05. CyberArk Software Ltd. has a 1-year low of $223.09 and a 1-year high of $391.45.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.31) EPS. On average, equities research analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

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.