CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Franklin Resources Inc.

Franklin Resources Inc. lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 13.2% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 410,960 shares of the technology company's stock after selling 62,300 shares during the period. Franklin Resources Inc. owned 0.94% of CyberArk Software worth $136,911,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CYBR. HighTower Advisors LLC grew its holdings in shares of CyberArk Software by 16.6% during the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock worth $4,212,000 after buying an additional 2,062 shares in the last quarter. Groupama Asset Managment grew its stake in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock valued at $304,000 after acquiring an additional 5,402 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in CyberArk Software during the 3rd quarter valued at about $8,612,000. CHURCHILL MANAGEMENT Corp purchased a new position in CyberArk Software in the 4th quarter worth approximately $764,000. Finally, China Universal Asset Management Co. Ltd. purchased a new position in CyberArk Software in the 4th quarter worth approximately $1,166,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CYBR. Scotiabank increased their price target on CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. Truist Financial cut their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Mizuho lifted their price target on CyberArk Software from $345.00 to $365.00 and gave the stock an "outperform" rating in a report on Friday, December 13th. Piper Sandler upped their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Finally, DA Davidson reaffirmed a "buy" rating and set a $475.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Two equities research 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 company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $418.04.

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CyberArk Software Stock Performance

Shares of CYBR traded down $3.41 during midday trading on Monday, hitting $303.05. The company had a trading volume of 321,868 shares, compared to its average volume of 512,773. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00. The firm has a market capitalization of $14.98 billion, a P/E ratio of -156.03 and a beta of 1.00. The company's 50-day simple moving average is $361.79 and its 200-day simple moving average is $328.83.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) 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%. Equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.