Evolutionary Tree Capital Management LLC Has $3.97 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Evolutionary Tree Capital Management LLC raised its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 35.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,903 shares of the technology company's stock after acquiring an additional 3,095 shares during the quarter. CyberArk Software accounts for about 4.0% of Evolutionary Tree Capital Management LLC's investment portfolio, making the stock its 10th largest holding. Evolutionary Tree Capital Management LLC's holdings in CyberArk Software were worth $3,965,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in CYBR. Public Employees Retirement System of Ohio acquired a new position in shares of CyberArk Software in the 3rd quarter valued at approximately $8,612,000. CHURCHILL MANAGEMENT Corp bought a new stake in shares of CyberArk Software in the 4th quarter worth about $764,000. China Universal Asset Management Co. Ltd. acquired a new position in CyberArk Software in the fourth quarter worth about $1,166,000. Spire Wealth Management increased its holdings in CyberArk Software by 236.8% in the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after buying an additional 3,344 shares during the last quarter. Finally, Geneos Wealth Management Inc. raised its stake in CyberArk Software by 9.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock valued at $3,857,000 after buying an additional 1,024 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CYBR has been the topic of several research analyst reports. Truist Financial reduced their price objective on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Needham & Company LLC reissued a "buy" rating and issued a $480.00 target price on shares of CyberArk Software in a report on Thursday, March 20th. Piper Sandler raised their price target on CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. StockNews.com cut CyberArk Software from a "buy" rating to a "hold" rating in a research note on Friday, February 21st. Finally, Stephens assumed coverage on shares of CyberArk Software in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price objective on the stock. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus price target of $412.14.

CyberArk Software Trading Down 0.8 %

CYBR stock traded down $2.78 during midday trading on Thursday, reaching $328.52. The company had a trading volume of 284,575 shares, compared to its average volume of 531,512. The company has a 50 day moving average of $353.71 and a two-hundred day moving average of $331.43. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00. The company has a market capitalization of $16.24 billion, a P/E ratio of -168.52 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results 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 negative net margin of 9.34% and a positive return on equity of 0.45%. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share 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.