Sen. Markwayne Mullin Sells CyberArk Software Ltd. (NASDAQ:CYBR) Shares

Senator Markwayne Mullin (R-Oklahoma) recently sold shares of CyberArk Software Ltd. (NASDAQ:CYBR). In a filing disclosed on December 31st, the Senator disclosed that they had sold between $1,001 and $15,000 in CyberArk Software stock on December 18th.

Senator Markwayne Mullin also recently made the following trade(s):

• Sold $1,001 – $15,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Axon Enterprise (NASDAQ:AXON) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Eaton (NYSE:ETN) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Sprouts Farmers Market (NASDAQ:SFM) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Ollie’s Bargain Outlet (NASDAQ:OLLI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Stride (NYSE:LRN) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of Badger Meter (NYSE:BMI) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of CyberArk Software (NASDAQ:CYBR) on 12/18/2024.
• Sold $15,001 – $50,000 in shares of Freshpet (NASDAQ:FRPT) on 12/18/2024.
• Sold $1,001 – $15,000 in shares of e.l.f. Beauty (NYSE:ELF) on 12/18/2024.

CyberArk Software Trading Up 4.2 %

Shares of NASDAQ:CYBR opened at $333.15 on Thursday. The firm has a 50 day moving average of $310.09 and a 200-day moving average of $286.03. CyberArk Software Ltd. has a 12 month low of $205.59 and a 12 month high of $336.84. The stock has a market capitalization of $14.52 billion, a PE ratio of 1,233.93 and a beta of 1.13.

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

Hedge Funds Weigh In On CyberArk Software

A number of institutional investors and hedge funds have recently modified their holdings of CYBR. IFG Advisory LLC bought a new position in shares of CyberArk Software during the 2nd quarter worth about $203,000. Van ECK Associates Corp grew its stake in CyberArk Software by 16.0% in the second quarter. Van ECK Associates Corp now owns 16,574 shares of the technology company’s stock valued at $4,532,000 after acquiring an additional 2,289 shares during the period. Spire Wealth Management bought a new stake in shares of CyberArk Software during the second quarter valued at approximately $328,000. Farther Finance Advisors LLC raised its position in shares of CyberArk Software by 23.0% during the second quarter. Farther Finance Advisors LLC now owns 1,023 shares of the technology company’s stock worth $276,000 after purchasing an additional 191 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of CyberArk Software by 6.4% in the 2nd quarter. CIBC Asset Management Inc now owns 3,814 shares of the technology company’s stock worth $1,043,000 after purchasing an additional 228 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $335.00 price target on shares of CyberArk Software in a research note on Thursday, November 14th. Scotiabank began coverage on shares of CyberArk Software in a research report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price on the stock. Morgan Stanley reiterated an “equal weight” rating and set a $316.00 price target on shares of CyberArk Software in a report on Tuesday. Wedbush raised their price objective on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Finally, Robert W. Baird upped their target price on CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $339.22.

About Senator Mullin

Markwayne Mullin (Republican Party) is a member of the U.S. Senate from Oklahoma. He assumed office on January 11, 2023. His current term ends on January 3, 2027. Mullin (Republican Party) ran in a special election to the U.S. Senate to represent Oklahoma. He won in the special general election on November 8, 2022. Mullin is a member of the Cherokee Nation and one of four Native American members of the 116th Congress. At the age of 20, Mullin took over his father’s plumbing business. He is also a former professional mixed martial artist. Markwayne Mullin graduated from Stilwell High School. Mullin earned an associate degree in construction technology from Oklahoma State University Institute of Technology. His career experience includes owning and founding multiple businesses.

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.