Caprock Group LLC Cuts Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Caprock Group LLC trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 25.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 610 shares of the technology company’s stock after selling 208 shares during the period. Caprock Group LLC’s holdings in CyberArk Software were worth $203,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software in the 4th quarter valued at about $25,000. Assetmark Inc. raised its holdings in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software in the third quarter valued at approximately $51,000. Kieckhefer Group LLC acquired a new stake in shares of CyberArk Software in the fourth quarter worth approximately $67,000. Finally, MCF Advisors LLC boosted its stake in shares of CyberArk Software by 1,577.3% in the fourth quarter. MCF Advisors LLC now owns 369 shares of the technology company’s stock worth $123,000 after acquiring an additional 347 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $384.29 on Friday. The stock has a market capitalization of $16.74 billion, a P/E ratio of 1,423.35 and a beta of 1.15. CyberArk Software Ltd. has a fifty-two week low of $223.09 and a fifty-two week high of $391.45. The company has a 50 day moving average price of $339.55 and a 200 day moving average price of $302.21.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period last year, the business posted ($0.31) earnings per share. Research analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have weighed in on CYBR. Mizuho raised their price objective on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Needham & Company LLC raised their price target on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. Piper Sandler boosted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday. Oppenheimer increased their price objective on shares of CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, UBS Group boosted their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $371.89.

About CyberArk Software

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.