Global Retirement Partners LLC Reduces Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Global Retirement Partners LLC trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 16.5% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 187 shares of the technology company’s stock after selling 37 shares during the quarter. Global Retirement Partners LLC’s holdings in CyberArk Software were worth $62,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software during the fourth quarter worth approximately $25,000. Assetmark Inc. increased its position 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 worth $39,000 after purchasing an additional 123 shares in the last quarter. Montag A & Associates Inc. increased its position in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of CyberArk Software during the fourth quarter worth approximately $50,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software during the third quarter worth approximately $51,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on CYBR shares. Piper Sandler boosted their price target on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Rosenblatt Securities reissued a “buy” rating and set a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday. JMP Securities boosted their price objective on CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research note on Friday, February 14th. Barclays boosted their price objective on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, UBS Group boosted their price objective on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $416.67.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $363.85 on Friday. The stock’s 50-day moving average is $361.40 and its two-hundred day moving average is $316.77. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The company has a market cap of $15.85 billion, a price-to-earnings ratio of -186.59 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.