CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Arkadios Wealth Advisors

Arkadios Wealth Advisors reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 91.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,482 shares of the technology company's stock after selling 16,713 shares during the period. Arkadios Wealth Advisors' holdings in CyberArk Software were worth $494,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software during the 4th quarter worth about $25,000. Assetmark Inc. lifted its position in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after purchasing an additional 123 shares during the period. Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software in the 3rd quarter worth approximately $51,000. Kieckhefer Group LLC bought a new position in shares of CyberArk Software during the fourth quarter valued at approximately $67,000. Finally, Future Financial Wealth Managment LLC purchased a new position in CyberArk Software during the third quarter valued at approximately $87,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on CYBR shares. Cantor Fitzgerald restated an "overweight" rating and set a $335.00 target price on shares of CyberArk Software in a report on Thursday, November 14th. Wedbush lifted their target price on CyberArk Software from $300.00 to $325.00 and gave the company an "outperform" rating in a research note on Tuesday, October 1st. Scotiabank raised their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a report on Tuesday. Truist Financial reiterated a "buy" rating and set a $350.00 price objective (up previously from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. Finally, Royal Bank of Canada raised their target price on shares of CyberArk Software from $385.00 to $410.00 and gave the company an "outperform" rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, CyberArk Software presently has a consensus rating of "Moderate Buy" and a consensus target price of $358.74.

CyberArk Software Trading Up 0.9 %

CYBR traded up $3.07 during midday trading on Wednesday, hitting $358.65. 159,621 shares of the company were exchanged, compared to its average volume of 478,528. The company's 50 day simple moving average is $325.25 and its 200 day simple moving average is $293.63. The firm has a market capitalization of $15.63 billion, a price-to-earnings ratio of 1,327.89 and a beta of 1.13. CyberArk Software Ltd. has a 1-year low of $223.09 and a 1-year high of $364.18.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same period last year, the company earned ($0.31) earnings per share. CyberArk Software's revenue for the quarter was up 25.6% compared to the same quarter last year. On average, equities analysts anticipate that CyberArk Software Ltd. will post -0.58 EPS for the current year.

About CyberArk Software

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.