Vestcor Inc Sells 1,926 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Vestcor Inc lessened its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 13.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,134 shares of the technology company's stock after selling 1,926 shares during the quarter. Vestcor Inc's holdings in CyberArk Software were worth $4,042,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CyberArk Software during the fourth quarter worth $25,000. Assetmark Inc. raised its stake in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after purchasing an additional 123 shares during the period. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software in the fourth quarter valued at about $39,000. Montag A & Associates Inc. lifted its holdings 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 purchasing an additional 42 shares in the last quarter. Finally, Brown Lisle Cummings Inc. bought a new position in shares of CyberArk Software during the fourth quarter worth about $50,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Down 0.5 %

Shares of NASDAQ:CYBR traded down $1.57 during trading on Tuesday, reaching $344.87. 378,128 shares of the stock were exchanged, compared to its average volume of 493,353. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a 50-day moving average price of $363.86 and a 200-day moving average price of $321.91. The firm has a market cap of $17.05 billion, a PE ratio of -176.86 and a beta of 1.06.

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CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly 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%. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on CYBR. JPMorgan Chase & Co. boosted 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. StockNews.com lowered shares of CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. KeyCorp raised their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. JMP Securities boosted their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. Finally, Morgan Stanley assumed coverage on CyberArk Software in a report on Tuesday. They issued an "equal weight" rating for the company. 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.com, CyberArk Software presently has a consensus rating of "Moderate Buy" and an average price target of $418.15.

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.