Prosperity Wealth Management Inc. Sells 2,245 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Prosperity Wealth Management Inc. lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 65.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,195 shares of the technology company's stock after selling 2,245 shares during the period. Prosperity Wealth Management Inc.'s holdings in CyberArk Software were worth $398,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software in the fourth quarter worth $25,000. Assetmark Inc. boosted 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 period. Plato Investment Management Ltd purchased a new position in CyberArk Software during the fourth quarter worth $39,000. Montag A & Associates Inc. boosted its stake in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares during the period. Finally, Brown Lisle Cummings Inc. purchased a new position in CyberArk Software during the fourth quarter worth $50,000. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Up 5.8 %

CYBR opened at $330.95 on Wednesday. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The company has a market cap of $14.42 billion, a P/E ratio of -169.72 and a beta of 1.06. The firm's 50-day moving average price is $364.01 and its 200-day moving average price is $320.38.

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CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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%. On average, research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research firms have commented on CYBR. Truist Financial lifted their price objective on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Barclays lifted their price objective on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Scotiabank boosted their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research note on Tuesday, January 21st. DA Davidson reissued a "buy" rating and set a $475.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Citigroup boosted their target price on shares of CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research note on Monday, March 3rd. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and an average target price of $418.15.

CyberArk Software 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.

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