CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Choreo LLC

Choreo LLC lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 8.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 766 shares of the technology company’s stock after selling 70 shares during the period. Choreo LLC’s holdings in CyberArk Software were worth $246,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the business. Creative Planning increased its position in shares of CyberArk Software by 14.0% in the third quarter. Creative Planning now owns 11,971 shares of the technology company’s stock valued at $3,491,000 after buying an additional 1,471 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its holdings in CyberArk Software by 26.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,123 shares of the technology company’s stock worth $1,202,000 after acquiring an additional 852 shares in the last quarter. Blue Trust Inc. raised its position in CyberArk Software by 49.4% during the third quarter. Blue Trust Inc. now owns 1,155 shares of the technology company’s stock worth $316,000 after acquiring an additional 382 shares during the period. Nepsis Inc. lifted its holdings in CyberArk Software by 2.9% during the third quarter. Nepsis Inc. now owns 57,239 shares of the technology company’s stock valued at $16,691,000 after purchasing an additional 1,595 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in shares of CyberArk Software by 45.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 171,893 shares of the technology company’s stock valued at $50,126,000 after purchasing an additional 53,502 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on CYBR shares. Scotiabank upped their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Morgan Stanley increased their target price on CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a report on Friday. Needham & Company LLC lifted their price target on CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. JMP Securities increased their price objective on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research note on Friday. Finally, Barclays raised their price objective on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Stock Performance

CyberArk Software stock opened at $413.31 on Friday. The company’s 50 day simple moving average is $346.11 and its 200-day simple moving average is $306.73. CyberArk Software Ltd. has a 1 year low of $223.09 and a 1 year high of $419.49. The company has a market capitalization of $18.01 billion, a price-to-earnings ratio of 1,530.83 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results 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 net margin of 1.38% and a return on equity of 2.29%. Equities analysts expect that CyberArk Software Ltd. will post -0.58 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.