Granahan Investment Management Inc. MA reduced its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 84.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 36,610 shares of the technology company’s stock after selling 195,690 shares during the period. Granahan Investment Management Inc. MA owned about 0.12% of CyberArk Software worth $1,862,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the stock. Oppenheimer & Co. Inc. increased its position in CyberArk Software by 61.7% in the first quarter. Oppenheimer & Co. Inc. now owns 82,640 shares of the technology company’s stock worth $4,204,000 after buying an additional 31,532 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of CyberArk Software by 226.3% in the first quarter. Renaissance Technologies LLC now owns 98,900 shares of the technology company’s stock valued at $5,031,000 after buying an additional 68,593 shares in the last quarter. Nicholas Company Inc. boosted its position in CyberArk Software by 23.4% in the first quarter. Nicholas Company Inc. now owns 92,450 shares of the technology company’s stock valued at $4,702,000 after buying an additional 17,510 shares in the last quarter. UBS Group AG boosted its position in CyberArk Software by 11.1% in the first quarter. UBS Group AG now owns 41,071 shares of the technology company’s stock worth $2,090,000 after buying an additional 4,095 shares during the period. Finally, Geode Capital Management LLC boosted its position in CyberArk Software by 25.2% in the first quarter. Geode Capital Management LLC now owns 19,316 shares of the technology company’s stock worth $982,000 after buying an additional 3,885 shares during the period. Institutional investors own 77.50% of the company’s stock.
Shares of CyberArk Software Ltd. (NASDAQ:CYBR) traded up 1.2785% during midday trading on Wednesday, reaching $49.8999. 66,527 shares of the company’s stock were exchanged. CyberArk Software Ltd. has a 12 month low of $44.57 and a 12 month high of $59.28. The company’s 50 day moving average is $48.75 and its 200-day moving average is $50.35. The stock has a market cap of $1.48 billion, a PE ratio of 57.3562 and a beta of 2.66.
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A number of research firms have issued reports on CYBR. Morgan Stanley assumed coverage on CyberArk Software in a research report on Thursday, March 30th. They issued an “equal weight” rating and a $55.00 target price on the stock. Vetr downgraded CyberArk Software from a “strong-buy” rating to a “buy” rating and set a $60.34 price objective for the company. in a research note on Monday, May 8th. Zacks Investment Research raised CyberArk Software from a “sell” rating to a “hold” rating in a report on Wednesday, April 12th. Imperial Capital lowered CyberArk Software from an “outperform” rating to an “in-line” rating and cut their price objective for the stock from $63.00 to $55.00 in a research report on Friday, May 12th. Finally, Summit Redstone cut CyberArk Software from a “buy” rating to a “hold” rating and set a $50.00 price objective for the company. in a research note on Friday, May 12th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company. CyberArk Software currently has a consensus rating of “Buy” and a consensus price target of $57.27.
CyberArk Software Company Profile
CyberArk Software Ltd is an Israel-based provider of information technology (IT) security solutions that protects organizations from cyber-attacks. The Company’s software solutions are focused on protecting privileged accounts, which have become a critical target in the lifecycle of cyber-attacks. The Company’s Privileged Account Security Solution consists of various products, such as Shares Technology Platform, Enterprise Password Vault, SSH Key Manager, Privileged Session Manager, Privileged Threat Analytics, Application Identity Manager, CyberArk-Conjur, Endpoint Privilege Manager and On-Demand Privileges Manager.
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