Connor Clark & Lunn Investment Management Ltd. reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 96.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,598 shares of the technology company's stock after selling 96,425 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in CyberArk Software were worth $1,199,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in CYBR. Coldstream Capital Management Inc. boosted its stake in CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock valued at $359,000 after acquiring an additional 42 shares during the period. Montag A & Associates Inc. boosted its position in CyberArk Software by 47.2% during the 4th 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 period. Venturi Wealth Management LLC grew its stake in CyberArk Software by 6.9% during the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company's stock worth $268,000 after buying an additional 52 shares during the last quarter. Daiwa Securities Group Inc. increased its position in CyberArk Software by 1.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company's stock worth $1,275,000 after buying an additional 53 shares during the period. Finally, IFP Advisors Inc lifted its stake in CyberArk Software by 12.7% in the fourth quarter. IFP Advisors Inc now owns 487 shares of the technology company's stock valued at $162,000 after buying an additional 55 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on CYBR shares. StockNews.com cut shares of CyberArk Software from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Robert W. Baird raised their price target on shares of CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Cantor Fitzgerald reiterated an "overweight" rating and set a $415.00 price objective on shares of CyberArk Software in a research report on Monday, January 27th. Canaccord Genuity Group raised their target price on CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Piper Sandler lifted their target price on CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of "Moderate Buy" and an average target price of $418.15.
Get Our Latest Report on CYBR
CyberArk Software Stock Performance
Shares of CYBR stock traded down $0.76 on Monday, reaching $351.00. 643,104 shares of the company's stock traded hands, compared to its average volume of 495,135. The company has a market capitalization of $17.35 billion, a P/E ratio of -180.00 and a beta of 1.06. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The business's 50 day moving average price is $364.16 and its two-hundred day moving average price is $323.75.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates 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%. Research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
CyberArk Software Profile
(
Free Report)
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.
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