Weatherly Asset Management L. P. Decreases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Weatherly Asset Management L. P. cut its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,695 shares of the technology company’s stock after selling 1,940 shares during the quarter. CyberArk Software accounts for 1.4% of Weatherly Asset Management L. P.’s portfolio, making the stock its 19th biggest holding. Weatherly Asset Management L. P. owned 0.14% of CyberArk Software worth $12,857,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Desjardins Global Asset Management Inc. boosted its stake in shares of CyberArk Software by 22.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after buying an additional 51 shares in the last quarter. Signaturefd LLC raised its holdings in CyberArk Software by 6.6% during the fourth quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock worth $190,000 after purchasing an additional 54 shares during the last quarter. HighTower Advisors LLC raised its holdings in CyberArk Software by 1.1% during the third quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock worth $894,000 after purchasing an additional 60 shares during the last quarter. Wealth Alliance raised its holdings in 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 holdings in 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 currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Truist Financial lifted their price objective on CyberArk Software from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 9th. KeyCorp boosted their price target on CyberArk Software from $274.00 to $305.00 and gave the stock an “overweight” rating in a report on Friday, February 9th. Morgan Stanley lowered CyberArk Software from an “overweight” rating to an “equal weight” rating and upped their target price for the company from $195.00 to $240.00 in a research note on Tuesday, January 9th. Oppenheimer upped their target price on CyberArk Software from $195.00 to $260.00 and gave the company an “outperform” rating in a research note on Monday, January 8th. Finally, BTIG Research assumed coverage on CyberArk Software in a research note on Thursday, March 28th. They issued a “buy” rating and a $317.00 target price for the company. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $258.54.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded up $5.45 during trading on Tuesday, hitting $240.11. The company’s stock had a trading volume of 508,177 shares, compared to its average volume of 578,807. CyberArk Software Ltd. has a fifty-two week low of $120.11 and a fifty-two week high of $283.00. The stock’s 50-day moving average price is $257.63 and its two-hundred day moving average price is $222.06. The company has a market capitalization of $10.15 billion, a PE ratio of -144.85 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, beating the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The firm had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $209.65 million. On average, equities analysts predict that CyberArk Software Ltd. will post -1.46 earnings per share 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.