756 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Acquired by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 756 shares of the technology company's stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CYBR. Nepsis Inc. raised its stake in CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock valued at $187,339,000 after purchasing an additional 505,088 shares in the last quarter. Jennison Associates LLC raised its stake in CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after purchasing an additional 391,900 shares in the last quarter. Allspring Global Investments Holdings LLC raised its stake in 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 valued at $170,614,000 after purchasing an additional 336,462 shares in the last quarter. Swedbank AB raised its stake in CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company's stock valued at $181,600,000 after purchasing an additional 87,201 shares in the last quarter. Finally, Clal Insurance Enterprises Holdings Ltd raised its stake in CyberArk Software by 138.8% during the fourth quarter. Clal Insurance Enterprises Holdings Ltd now owns 143,252 shares of the technology company's stock valued at $47,724,000 after purchasing an additional 83,252 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

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CyberArk Software Stock Performance

CyberArk Software stock traded up $5.00 during midday trading on Friday, hitting $351.76. 440,241 shares of the company's stock were exchanged, compared to its average volume of 493,708. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The firm has a 50-day moving average of $364.16 and a two-hundred day moving average of $323.42. The company has a market cap of $17.39 billion, a PE ratio of -180.39 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) 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, equities analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on CYBR. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $415.00 price target on shares of CyberArk Software in a research note on Monday, January 27th. Guggenheim reissued a "buy" rating and issued a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. JMP Securities increased their target price 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. Oppenheimer increased their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Finally, Citigroup increased 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 assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $418.15.

About CyberArk Software

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.