CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Boothbay Fund Management LLC

Boothbay Fund Management LLC lessened its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 97.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,423 shares of the technology company's stock after selling 1,974,675 shares during the quarter. Boothbay Fund Management LLC owned about 0.10% of CyberArk Software worth $14,800,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC lifted its stake in shares of CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after acquiring an additional 391,900 shares during the last quarter. First Trust Advisors LP increased its holdings in CyberArk Software by 2.3% during the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after purchasing an additional 20,832 shares during the period. Pictet Asset Management Holding SA increased its holdings in CyberArk Software by 8.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock worth $292,651,000 after purchasing an additional 68,359 shares during the period. Norges Bank purchased a new position in CyberArk Software during the 4th quarter worth $203,375,000. Finally, Nepsis Inc. increased its holdings in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after purchasing an additional 505,088 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on CYBR. Guggenheim restated a "buy" rating and set a $455.00 price objective on shares of CyberArk Software in a report on Tuesday, February 25th. Morgan Stanley reduced their price objective on CyberArk Software from $390.00 to $380.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. JPMorgan Chase & Co. upped their price objective on CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. StockNews.com lowered CyberArk Software from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Robert W. Baird increased their price target on shares of CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $415.18.

CyberArk Software Stock Up 1.6 %

Shares of NASDAQ CYBR traded up $5.57 during midday trading on Tuesday, reaching $352.67. 400,663 shares of the stock were exchanged, compared to its average volume of 536,454. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of -180.86 and a beta of 1.00. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The firm has a 50-day simple moving average of $342.69 and a two-hundred day simple moving average of $334.80.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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%. Research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software 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.