Wellington Management Group LLP lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 30.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,150,278 shares of the technology company's stock after selling 512,567 shares during the period. Wellington Management Group LLP owned approximately 2.33% of CyberArk Software worth $383,215,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software during the 4th quarter worth $25,000. TD Private Client Wealth LLC raised its holdings in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Plato Investment Management Ltd purchased a new position in CyberArk Software during the fourth quarter worth about $39,000. Graney & King LLC acquired a new stake in CyberArk Software in the fourth quarter valued at about $43,000. Finally, Montag A & Associates Inc. boosted its holdings in CyberArk Software by 47.2% in the 4th 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. Hedge funds and other institutional investors own 91.84% of the company's stock.
CyberArk Software Stock Performance
NASDAQ CYBR traded down $21.50 during mid-day trading on Friday, reaching $306.46. 914,137 shares of the stock were exchanged, compared to its average volume of 513,495. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The stock has a market capitalization of $15.15 billion, a PE ratio of -157.16 and a beta of 1.06. The business's fifty day simple moving average is $361.79 and its 200 day simple moving average is $328.83.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) 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%. On average, analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.
Analyst Ratings Changes
Several analysts have recently commented on CYBR shares. Cantor Fitzgerald reissued an "overweight" rating and issued a $415.00 price target on shares of CyberArk Software in a report on Monday, January 27th. Stifel Nicolaus raised their target price on CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a report on Friday, February 14th. Guggenheim restated a "buy" rating and set a $455.00 target price on shares of CyberArk Software in a research report on Tuesday, February 25th. Oppenheimer increased their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, Royal Bank of Canada boosted their price objective on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, CyberArk Software presently has an average rating of "Moderate Buy" and an average target price of $418.04.
Read Our Latest Stock Analysis on CyberArk Software
CyberArk Software Profile
(
Free Report)
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.
Featured Articles
Before you consider CyberArk Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CyberArk Software wasn't on the list.
While CyberArk Software currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
