Peregrine Capital Management LLC reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 9.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,236 shares of the technology company's stock after selling 4,693 shares during the period. Peregrine Capital Management LLC owned approximately 0.10% of CyberArk Software worth $15,070,000 as of its most recent SEC filing.
Other institutional investors have also recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software in the fourth quarter worth $25,000. Assetmark Inc. grew its stake in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after acquiring an additional 123 shares during the last quarter. Montag A & Associates Inc. boosted its position in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after buying an additional 42 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of CyberArk Software during the fourth quarter valued at $50,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software during the third quarter valued at $51,000. 91.84% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms recently commented on CYBR. Royal Bank of Canada increased their price objective on CyberArk Software from $385.00 to $410.00 and gave the company an "outperform" rating in a research report on Tuesday, January 21st. Citigroup increased their price objective on CyberArk Software from $355.00 to $410.00 and gave the company a "buy" rating in a research report on Friday, January 17th. KeyCorp increased their price objective on CyberArk Software from $400.00 to $485.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Morgan Stanley increased their price objective on CyberArk Software from $316.00 to $390.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of "Moderate Buy" and an average price target of $401.67.
Get Our Latest Stock Report on CYBR
CyberArk Software Stock Performance
Shares of NASDAQ CYBR traded down $17.68 during trading on Friday, hitting $383.29. The company had a trading volume of 672,280 shares, compared to its average volume of 581,939. The stock has a 50 day simple moving average of $355.03 and a 200 day simple moving average of $312.10. The firm has a market capitalization of $16.70 billion, a P/E ratio of -196.56 and a beta of 1.15. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results 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 negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.
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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