CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Caprock Group LLC

Caprock Group LLC decreased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 25.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 610 shares of the technology company’s stock after selling 208 shares during the period. Caprock Group LLC’s holdings in CyberArk Software were worth $203,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software in the fourth quarter valued at $25,000. Assetmark Inc. raised its position in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software in the 3rd quarter valued at about $51,000. Kieckhefer Group LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth about $67,000. Finally, MCF Advisors LLC increased its stake in shares of CyberArk Software by 1,577.3% during the fourth quarter. MCF Advisors LLC now owns 369 shares of the technology company’s stock worth $123,000 after buying an additional 347 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CYBR shares. Piper Sandler lifted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday. Citigroup lifted their price objective on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Needham & Company LLC increased their target price on CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, January 9th. Oppenheimer lifted their price target on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, DA Davidson upped their price objective on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $371.89.

CyberArk Software Stock Up 0.4 %

CYBR opened at $384.29 on Friday. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $391.45. The business has a 50 day moving average price of $339.55 and a two-hundred day moving average price of $302.21. The company has a market cap of $16.74 billion, a PE ratio of 1,423.35 and a beta of 1.15.

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, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal 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.