Rational Advisors LLC Cuts Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Rational Advisors LLC trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 19.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,300 shares of the technology company's stock after selling 2,500 shares during the quarter. Rational Advisors LLC's holdings in CyberArk Software were worth $3,431,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of CYBR. HighTower Advisors LLC grew its holdings in CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock valued at $4,212,000 after purchasing an additional 2,062 shares during the last quarter. Groupama Asset Managment grew its stake in shares of CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock valued at $304,000 after buying an additional 5,402 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock worth $353,386,000 after buying an additional 9,570 shares during the period. Public Employees Retirement System of Ohio bought a new stake in shares of CyberArk Software during the 3rd quarter worth approximately $8,612,000. Finally, International Assets Investment Management LLC bought a new stake in shares of CyberArk Software during the 3rd quarter worth approximately $82,485,000. Institutional investors own 91.84% of the company's stock.

CyberArk Software Price Performance

CyberArk Software stock traded down $8.20 during midday trading on Thursday, reaching $400.97. The company's stock had a trading volume of 759,984 shares, compared to its average volume of 579,202. The stock has a market capitalization of $17.47 billion, a P/E ratio of -205.63 and a beta of 1.15. The stock's 50-day simple moving average is $355.03 and its 200-day simple moving average is $312.10. CyberArk Software Ltd. has a 52-week low of $223.09 and a 52-week 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) EPS for the quarter, missing the consensus estimate 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%. As a group, equities research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on CYBR shares. Royal Bank of Canada increased their target price on CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a research note on Tuesday, January 21st. Wells Fargo & Company lifted their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Needham & Company LLC boosted their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the company a "buy" rating in a research report on Thursday, January 9th. Susquehanna raised their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Finally, DA Davidson lifted their price target on shares of CyberArk Software from $360.00 to $390.00 and gave the company a "buy" rating in a research note on Friday, January 3rd. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $401.67.

CyberArk Software Company 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.