Grandeur Peak Global Advisors LLC decreased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 131,393 shares of the technology company's stock after selling 6,390 shares during the quarter. CyberArk Software makes up 3.9% of Grandeur Peak Global Advisors LLC's investment portfolio, making the stock its 4th biggest holding. Grandeur Peak Global Advisors LLC owned approximately 0.30% of CyberArk Software worth $43,774,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Norges Bank purchased a new stake in CyberArk Software in the 4th quarter valued at $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 worth $187,339,000 after buying an additional 505,088 shares in the last quarter. Jennison Associates LLC increased its stake in CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after purchasing an additional 391,900 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock worth $170,614,000 after purchasing an additional 336,462 shares during the period. Finally, Alliancebernstein L.P. increased its stake in shares of CyberArk Software by 144.8% during the fourth quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock valued at $81,786,000 after buying an additional 145,221 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.
CyberArk Software Price Performance
NASDAQ:CYBR traded down $9.02 during mid-day trading on Tuesday, hitting $334.33. 1,048,987 shares of the company's stock were exchanged, compared to its average volume of 530,755. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The company has a market cap of $16.52 billion, a PE ratio of -171.45 and a beta of 1.00. The business has a fifty day moving average price of $355.74 and a 200 day moving average price of $331.41.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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, equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on CYBR. Citigroup upped their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Barclays decreased their price target on shares of CyberArk Software from $450.00 to $405.00 and set an "overweight" rating on the stock in a research note on Monday. Canaccord Genuity Group upped their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a report on Friday, February 14th. Stifel Nicolaus boosted their price target on CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Piper Sandler lifted their price target on CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $414.64.
View Our Latest Stock Analysis on CyberArk Software
About CyberArk Software
(
Free Report)
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.
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