CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. reduced its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,883 shares of the technology company’s stock after selling 183 shares during the period. Oppenheimer Asset Management Inc.’s holdings in CyberArk Software were worth $4,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. HighTower Advisors LLC increased its position in CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after buying an additional 2,062 shares in the last quarter. Groupama Asset Managment increased 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 valued at $304,000 after buying an additional 5,402 shares in the last quarter. Jennison Associates LLC increased its position in CyberArk Software by 0.8% during the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after buying an additional 9,570 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in CyberArk Software during the 3rd quarter valued at about $8,612,000. Finally, CHURCHILL MANAGEMENT Corp purchased a new stake in CyberArk Software during the 4th quarter valued at about $764,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CYBR has been the topic of several research analyst reports. Scotiabank boosted their price target on CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st. Wells Fargo & Company boosted their price target on CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Guggenheim reiterated a “buy” rating and set a $455.00 price target on shares of CyberArk Software in a research note on Tuesday. JMP Securities boosted their price target on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $415.00 price target on shares of CyberArk Software in a research note on Monday, January 27th. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $416.67.

CyberArk Software Trading Up 3.4 %

Shares of CYBR stock opened at $363.85 on Friday. The company has a market capitalization of $15.85 billion, a P/E ratio of -186.59 and a beta of 1.15. The business’s 50 day moving average is $361.40 and its two-hundred day moving average is $316.77. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly 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, research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.