CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Groupama Asset Managment

Groupama Asset Managment reduced its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 87.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 132,896 shares of the technology company's stock after selling 909,871 shares during the quarter. Groupama Asset Managment owned approximately 0.31% of CyberArk Software worth $42,474,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC increased its stake in CyberArk Software by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 392,006 shares of the technology company's stock valued at $130,088,000 after purchasing an additional 19,775 shares during the last quarter. HighPoint Advisor Group LLC boosted its holdings in shares of CyberArk Software by 19.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,215 shares of the technology company's stock valued at $738,000 after buying an additional 359 shares in the last quarter. Summit Financial LLC grew its position in shares of CyberArk Software by 0.7% in the 4th quarter. Summit Financial LLC now owns 16,991 shares of the technology company's stock valued at $5,661,000 after buying an additional 116 shares during the last quarter. Alliancebernstein L.P. raised its stake in CyberArk Software by 144.8% during the 4th quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock worth $81,786,000 after acquiring an additional 145,221 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC lifted its position in CyberArk Software by 14.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 979 shares of the technology company's stock valued at $326,000 after acquiring an additional 127 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

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Analysts Set New Price Targets

CYBR has been the topic of a number of research analyst reports. DA Davidson reiterated a "buy" rating and set a $475.00 target price on shares of CyberArk Software in a research report on Tuesday, February 25th. Royal Bank of Canada lifted their price target on CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 21st. Robert W. Baird increased their price objective on CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a report on Tuesday, February 25th. Truist Financial cut their target price on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a report on Monday, March 31st. Finally, Cantor Fitzgerald reiterated an "overweight" rating and set a $415.00 price target on shares of CyberArk Software in a research note on Monday, January 27th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $418.04.

CyberArk Software Price Performance

Shares of CYBR stock traded down $21.50 during midday trading on Friday, reaching $306.46. 914,137 shares of the company traded hands, compared to its average volume of 513,495. The firm's 50 day simple moving average is $361.79 and its two-hundred day simple moving average is $328.40. The firm has a market cap of $15.15 billion, a PE ratio of -157.16 and a beta of 1.06. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00.

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 (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%. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.