PNC Financial Services Group Inc. Sells 1,869 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

PNC Financial Services Group Inc. lowered its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,337 shares of the technology company's stock after selling 1,869 shares during the quarter. PNC Financial Services Group Inc.'s holdings in CyberArk Software were worth $1,445,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software in the 4th quarter worth about $25,000. Assetmark Inc. grew its stake in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after buying an additional 123 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of CyberArk Software during the fourth quarter worth approximately $39,000. Montag A & Associates Inc. raised its stake in shares of CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after acquiring an additional 42 shares during the last quarter. Finally, Brown Lisle Cummings Inc. acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $50,000. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of research reports. JPMorgan Chase & Co. raised their target price on CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Citigroup boosted their target price on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. JMP Securities increased their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Piper Sandler raised their price target 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, Wells Fargo & Company upped their price objective on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $418.15.

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CyberArk Software Trading Up 1.0 %

Shares of NASDAQ CYBR traded up $3.55 during mid-day trading on Wednesday, reaching $348.42. 323,184 shares of the company's stock were exchanged, compared to its average volume of 493,558. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The firm has a market capitalization of $17.22 billion, a price-to-earnings ratio of -178.68 and a beta of 1.06. The business has a fifty day simple moving average of $363.88 and a 200 day simple moving average of $322.32.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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%. Equities research analysts predict 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.