CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by CIBC Private Wealth Group LLC

CIBC Private Wealth Group LLC decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 111,998 shares of the technology company’s stock after selling 2,664 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.26% of CyberArk Software worth $38,589,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. raised its position in shares of CyberArk Software by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company’s stock valued at $8,632,000 after buying an additional 1,557 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in CyberArk Software in the 3rd quarter worth approximately $2,245,000. MetLife Investment Management LLC grew its stake in CyberArk Software by 5.4% in the 3rd quarter. MetLife Investment Management LLC now owns 3,900 shares of the technology company’s stock worth $1,137,000 after acquiring an additional 200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in CyberArk Software by 3.9% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,725 shares of the technology company’s stock valued at $9,543,000 after acquiring an additional 1,232 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its stake in shares of CyberArk Software by 25.3% during the 3rd quarter. Public Sector Pension Investment Board now owns 22,294 shares of the technology company’s stock worth $6,501,000 after purchasing an additional 4,500 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

Shares of CYBR stock opened at $335.74 on Monday. The company’s fifty day moving average price is $364.16 and its two-hundred day moving average price is $326.66. The firm has a market capitalization of $16.59 billion, a P/E ratio of -172.17 and a beta of 1.06. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) 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, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

CYBR has been the subject of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their price target on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Guggenheim reaffirmed a “buy” rating and set a $455.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Truist Financial raised their target price on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, JMP Securities boosted their target price on shares of CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.15.

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.