CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by EFG Asset Management North America Corp.

EFG Asset Management North America Corp. lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,990 shares of the technology company’s stock after selling 284 shares during the quarter. EFG Asset Management North America Corp.’s holdings in CyberArk Software were worth $2,330,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software during the fourth quarter valued at about $25,000. TD Private Client Wealth LLC boosted its position in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $39,000. Montag A & Associates Inc. raised its holdings 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 purchasing an additional 42 shares in the last quarter. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of CyberArk Software in the 4th quarter worth approximately $50,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CYBR opened at $358.28 on Wednesday. The business’s fifty day moving average price is $364.76 and its two-hundred day moving average price is $324.98. The firm has a market capitalization of $17.71 billion, a price-to-earnings ratio of -183.73 and a beta of 1.06. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of recent research reports. Scotiabank lifted their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Citigroup lifted their price target on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Cantor Fitzgerald restated an “overweight” rating and set a $415.00 price objective on shares of CyberArk Software in a report on Monday, January 27th. Needham & Company LLC reiterated a “buy” rating and issued a $480.00 target price on shares of CyberArk Software in a report on Thursday, March 20th. Finally, Piper Sandler boosted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $418.15.

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.