Two Sigma Investments LP lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 64.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,144 shares of the technology company's stock after selling 70,097 shares during the period. Two Sigma Investments LP owned about 0.09% of CyberArk Software worth $13,041,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also recently modified their holdings of CYBR. Janney Montgomery Scott LLC increased its stake in shares of CyberArk Software by 23.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 12,162 shares of the technology company's stock valued at $4,052,000 after purchasing an additional 2,346 shares in the last quarter. Zweig DiMenna Associates LLC increased its stake in CyberArk Software by 119.6% during the 4th quarter. Zweig DiMenna Associates LLC now owns 40,700 shares of the technology company's stock worth $13,559,000 after buying an additional 22,165 shares in the last quarter. Exchange Traded Concepts LLC increased its stake in CyberArk Software by 32.7% during the 4th quarter. Exchange Traded Concepts LLC now owns 9,571 shares of the technology company's stock worth $3,189,000 after buying an additional 2,357 shares in the last quarter. Nepsis Inc. increased its stake in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after buying an additional 505,088 shares in the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new stake in CyberArk Software during the 4th quarter worth approximately $414,000. Hedge funds and other institutional investors own 91.84% of the company's stock.
CyberArk Software Price Performance
Shares of NASDAQ CYBR traded down $4.83 during mid-day trading on Thursday, hitting $376.38. The company had a trading volume of 107,617 shares, compared to its average volume of 549,980. The company has a market capitalization of $18.60 billion, a PE ratio of -193.01 and a beta of 0.99. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The business's 50-day simple moving average is $347.57 and its 200 day simple moving average is $345.22.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.19. The business had revenue of $317.60 million for the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The company's revenue for the quarter was up 43.3% compared to the same quarter last year. During the same period last year, the firm earned $0.75 earnings per share. On average, analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.
Analyst Upgrades and Downgrades
Several research firms have commented on CYBR. Piper Sandler boosted their price objective on CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Stephens began coverage on CyberArk Software in a research note on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price objective for the company. Citigroup boosted their price objective on CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Canaccord Genuity Group lifted 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. Finally, Roth Capital began coverage on CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 target price for the company. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CyberArk Software has an average rating of "Moderate Buy" and a consensus price target of $415.71.
Read Our Latest Stock Analysis on CYBR
CyberArk Software Company 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.
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