Wasatch Advisors LP Has $243.96 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Wasatch Advisors LP decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 26.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 732,274 shares of the technology company's stock after selling 256,625 shares during the period. CyberArk Software makes up approximately 1.2% of Wasatch Advisors LP's holdings, making the stock its 28th largest holding. Wasatch Advisors LP owned approximately 1.68% of CyberArk Software worth $243,957,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in CYBR. Geode Capital Management LLC grew its position in shares of CyberArk Software by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company's stock worth $108,020,000 after buying an additional 14,724 shares during the period. Wilmington Savings Fund Society FSB purchased a new position in CyberArk Software in the 3rd quarter worth approximately $144,000. Oddo BHF Asset Management Sas purchased a new position in CyberArk Software during the third quarter valued at $1,135,000. Central Pacific Bank Trust Division purchased a new stake in CyberArk Software during the fourth quarter valued at $860,000. Finally, Nordea Investment Management AB increased its position in CyberArk Software by 7.9% during the fourth quarter. Nordea Investment Management AB now owns 3,024 shares of the technology company's stock valued at $993,000 after acquiring an additional 221 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

NASDAQ CYBR traded down $11.93 during trading hours on Monday, reaching $313.91. The stock had a trading volume of 144,900 shares, compared to its average volume of 533,259. The stock has a fifty day moving average of $351.30 and a 200 day moving average of $332.75. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The stock has a market cap of $15.52 billion, a P/E ratio of -160.98 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data 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, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. raised their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Canaccord Genuity Group upped their price objective on CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Citigroup increased their target price on CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Guggenheim restated a "buy" rating and issued a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Piper Sandler boosted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $412.14.

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.