Pier 88 Investment Partners LLC Has $4.82 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Pier 88 Investment Partners LLC decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 25.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,460 shares of the technology company’s stock after selling 5,000 shares during the quarter. CyberArk Software comprises approximately 0.9% of Pier 88 Investment Partners LLC’s investment portfolio, making the stock its 25th biggest position. Pier 88 Investment Partners LLC’s holdings in CyberArk Software were worth $4,817,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CyberArk Software in the 4th quarter valued at $25,000. TD Private Client Wealth LLC grew its stake in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after acquiring an additional 34 shares in the last quarter. Plato Investment Management Ltd bought 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 4th quarter worth 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 during the period. Institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on CYBR shares. Canaccord Genuity Group boosted their price target on CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, February 14th. KeyCorp upped their target price on CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Mizuho raised their price target on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Robert W. Baird boosted their price target on CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. increased their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Stock Down 1.6 %

CYBR stock opened at $335.74 on Monday. The firm has a market cap of $16.59 billion, a PE ratio of -172.17 and a beta of 1.06. The business has a 50 day moving average of $364.16 and a 200-day moving average of $326.66. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data 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, research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.