Migdal Insurance & Financial Holdings Ltd. Sells 6,000 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Migdal Insurance & Financial Holdings Ltd. lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 88,000 shares of the technology company’s stock after selling 6,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd. owned approximately 0.21% of CyberArk Software worth $19,276,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in CYBR. First Trust Advisors LP raised its holdings in shares of CyberArk Software by 8.3% in the 1st quarter. First Trust Advisors LP now owns 1,129,744 shares of the technology company’s stock valued at $190,644,000 after acquiring an additional 86,160 shares in the last quarter. Whale Rock Capital Management LLC raised its holdings in shares of CyberArk Software by 513.7% during the 2nd quarter. Whale Rock Capital Management LLC now owns 836,516 shares of the technology company’s stock valued at $130,773,000 after buying an additional 700,210 shares in the last quarter. Polar Capital Holdings Plc raised its holdings in shares of CyberArk Software by 15.4% during the 3rd quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company’s stock valued at $97,412,000 after buying an additional 79,506 shares in the last quarter. Jennison Associates LLC raised its holdings in shares of CyberArk Software by 226.5% during the 3rd quarter. Jennison Associates LLC now owns 581,003 shares of the technology company’s stock valued at $95,151,000 after buying an additional 403,076 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its holdings in shares of CyberArk Software by 2.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock valued at $90,724,000 after buying an additional 11,387 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of analyst reports. KeyCorp lifted their price target on CyberArk Software from $274.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 price target on shares of CyberArk Software in a research report on Thursday, February 29th. BTIG Research initiated coverage on CyberArk Software in a research report on Thursday, March 28th. They set a “buy” rating and a $317.00 price target on the stock. UBS Group lifted their price target on CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Oppenheimer lifted their price target on CyberArk Software from $195.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and an average price target of $258.54.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded down $1.93 during mid-day trading on Wednesday, hitting $238.04. The stock had a trading volume of 238,327 shares, compared to its average volume of 587,423. The company has a 50 day moving average of $259.93 and a two-hundred day moving average of $219.92. CyberArk Software Ltd. has a twelve month low of $120.11 and a twelve month high of $283.00. The firm has a market cap of $10.06 billion, a PE ratio of -148.13 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.53. The firm had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. Equities research analysts predict that CyberArk Software Ltd. will post -1.46 EPS 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.