MYDA Advisors LLC Has $4.19 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

MYDA Advisors LLC reduced its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 23.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,583 shares of the technology company's stock after selling 3,917 shares during the quarter. MYDA Advisors LLC's holdings in CyberArk Software were worth $4,192,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank bought a new position in shares of CyberArk Software in the 4th quarter valued at about $203,375,000. Nepsis Inc. boosted its stake in CyberArk Software by 882.4% in the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock valued at $187,339,000 after acquiring an additional 505,088 shares during the last quarter. Jennison Associates LLC grew its holdings in 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 period. Allspring Global Investments Holdings LLC raised its position in shares of CyberArk Software by 195.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock valued at $170,614,000 after acquiring an additional 336,462 shares during the last quarter. Finally, Alliancebernstein L.P. lifted its stake in shares of CyberArk Software by 144.8% in the 4th quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock valued at $81,786,000 after purchasing an additional 145,221 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Up 3.5 %

Shares of NASDAQ:CYBR traded up $11.65 during trading on Thursday, reaching $345.23. 627,655 shares of the stock were exchanged, compared to its average volume of 536,012. The firm has a market cap of $17.06 billion, a PE ratio of -177.04 and a beta of 1.00. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a 50-day moving average price of $346.50 and a 200-day moving average price of $332.91.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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%. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on CYBR shares. Stephens started coverage on CyberArk Software in a report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 target price on the stock. Roth Capital assumed coverage on shares of CyberArk Software in a report on Wednesday. They set a "buy" rating and a $415.00 price objective for the company. Wells Fargo & Company lifted their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Robert W. Baird upped their price objective 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. Finally, Truist Financial reduced their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $411.72.

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.