CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by ARK Investment Management LLC

ARK Investment Management LLC cut its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 21.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,169 shares of the technology company’s stock after selling 1,649 shares during the period. ARK Investment Management LLC’s holdings in CyberArk Software were worth $2,055,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of CYBR. Jennison Associates LLC grew its holdings in shares of CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after buying an additional 391,900 shares during the last quarter. Groupama Asset Managment lifted its position in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after acquiring an additional 5,402 shares during the period. Nepsis Inc. grew its stake in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after purchasing an additional 505,088 shares during the last quarter. TimesSquare Capital Management LLC grew its stake in CyberArk Software by 4.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company’s stock valued at $186,682,000 after purchasing an additional 24,805 shares during the last quarter. Finally, Swedbank AB increased its holdings in shares of CyberArk Software by 19.0% in the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock valued at $181,600,000 after purchasing an additional 87,201 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CYBR opened at $364.18 on Thursday. The stock has a 50 day moving average price of $358.58 and a 200 day moving average price of $315.53. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The stock has a market capitalization of $15.87 billion, a price-to-earnings ratio of -186.76 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last released 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on CYBR shares. Piper Sandler lifted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. JMP Securities lifted their price objective on shares of CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Barclays increased their price objective on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Rosenblatt Securities restated a “buy” rating and set a $445.00 target price on shares of CyberArk Software in a research report on Wednesday. Finally, Susquehanna upped their price target on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $416.67.

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.