Anomaly Capital Management LP Decreases Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Anomaly Capital Management LP cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 9.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 271,453 shares of the technology company's stock after selling 29,902 shares during the period. CyberArk Software accounts for approximately 2.7% of Anomaly Capital Management LP's portfolio, making the stock its 15th largest position. Anomaly Capital Management LP owned 0.62% of CyberArk Software worth $90,435,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software in the fourth quarter worth about $25,000. TD Private Client Wealth LLC lifted its holdings in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after buying an additional 34 shares during the period. Plato Investment Management Ltd purchased a new stake in CyberArk Software in the fourth quarter worth about $39,000. Graney & King LLC purchased a new stake in CyberArk Software in the fourth quarter worth about $43,000. Finally, Montag A & Associates Inc. lifted its holdings in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after purchasing an additional 42 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 research firms have recently issued reports on CYBR. Royal Bank of Canada reiterated an "outperform" rating and set a $420.00 target price on shares of CyberArk Software in a report on Friday, April 11th. Stifel Nicolaus raised their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Guggenheim reissued a "buy" rating and set a $455.00 price target on shares of CyberArk Software in a research report on Tuesday, February 25th. Piper Sandler raised their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th. Finally, Roth Capital began coverage on shares of CyberArk Software in a research report on Wednesday. They set a "buy" rating and a $415.00 price target for the company. Two research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, CyberArk Software currently has an average rating of "Buy" and a consensus target price of $415.18.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded up $4.06 during trading on Friday, hitting $349.29. The company had a trading volume of 347,600 shares, compared to its average volume of 536,719. The stock has a 50 day simple moving average of $343.93 and a 200 day simple moving average of $334.44. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The firm has a market capitalization of $17.26 billion, a P/E ratio of -179.12 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, analysts predict that CyberArk Software Ltd. will post -0.47 EPS 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.