CyberArk Software Ltd. (NASDAQ:CYBR) Stock Position Trimmed by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 6.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 88,000 shares of the technology company’s stock after selling 6,000 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in CyberArk Software were worth $19,276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Whale Rock Capital Management LLC grew its stake in shares of CyberArk Software by 513.7% in the 2nd quarter. Whale Rock Capital Management LLC now owns 836,516 shares of the technology company’s stock worth $130,773,000 after purchasing an additional 700,210 shares during the last quarter. Norges Bank acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $55,479,000. Jennison Associates LLC grew its stake in shares of CyberArk Software by 226.5% in the 3rd quarter. Jennison Associates LLC now owns 581,003 shares of the technology company’s stock worth $95,151,000 after purchasing an additional 403,076 shares during the last quarter. Acadian Asset Management LLC grew its stake in shares of CyberArk Software by 226.3% in the 3rd quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock worth $48,434,000 after purchasing an additional 205,224 shares during the last quarter. Finally, Balyasny Asset Management LLC acquired a new position in shares of CyberArk Software in the 3rd quarter worth approximately $24,857,000. 91.84% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CYBR shares. Mizuho lifted their target price on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Citigroup raised their price target on shares of CyberArk Software from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Truist Financial lifted their target price on shares of CyberArk Software from $250.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Needham & Company LLC lifted their target price on shares of CyberArk Software from $245.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Rosenblatt Securities lifted their target price on shares of CyberArk Software from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $258.54.

CyberArk Software Stock Down 0.8 %

Shares of NASDAQ:CYBR traded down $1.93 during midday trading on Wednesday, hitting $238.04. The stock had a trading volume of 238,327 shares, compared to its average volume of 587,423. CyberArk Software Ltd. has a 12 month low of $120.11 and a 12 month high of $283.00. The business’s 50-day simple moving average is $259.93 and its 200-day simple moving average is $219.92. The company has a market cap of $10.06 billion, a P/E ratio of -148.13 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. The firm had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. As a group, equities analysts predict that CyberArk Software Ltd. will post -1.46 earnings per share for the current year.

CyberArk Software 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.