Corient Private Wealth LLC Acquires 1,039 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Corient Private Wealth LLC lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 16.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,194 shares of the technology company's stock after purchasing an additional 1,039 shares during the period. Corient Private Wealth LLC's holdings in CyberArk Software were worth $2,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software in the 4th quarter worth approximately $25,000. Plato Investment Management Ltd purchased a new position in shares of CyberArk Software in the fourth quarter worth $39,000. Montag A & Associates Inc. boosted its position 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 worth $44,000 after acquiring an additional 42 shares during the last quarter. Brown Lisle Cummings Inc. bought a new position in shares of CyberArk Software during the fourth quarter worth $50,000. Finally, Steward Partners Investment Advisory LLC grew its stake in CyberArk Software by 54.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 198 shares of the technology company's stock valued at $66,000 after acquiring an additional 70 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the stock. Truist Financial increased their price objective on shares of CyberArk Software from $385.00 to $450.00 and gave the company a "buy" rating in a report on Friday, February 14th. JMP Securities increased their price target on CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Royal Bank of Canada raised their price target on CyberArk Software from $385.00 to $410.00 and gave the company an "outperform" rating in a report on Tuesday, January 21st. Scotiabank upped their price objective on CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Finally, Rosenblatt Securities reiterated a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $418.15.

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CyberArk Software Stock Performance

CyberArk Software stock traded down $7.21 during trading hours on Thursday, hitting $341.21. The company had a trading volume of 264,593 shares, compared to its average volume of 494,027. The firm has a market cap of $16.86 billion, a P/E ratio of -174.98 and a beta of 1.06. The company has a 50-day moving average price of $364.78 and a two-hundred day moving average price of $325.14. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current 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.