Taylor Frigon Capital Management LLC lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 30.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,233 shares of the technology company's stock after selling 8,893 shares during the quarter. CyberArk Software accounts for 2.2% of Taylor Frigon Capital Management LLC's investment portfolio, making the stock its 7th largest position. Taylor Frigon Capital Management LLC's holdings in CyberArk Software were worth $4,432,000 as of its most recent SEC filing.
Other large investors have also recently made changes to their positions in the company. 1832 Asset Management L.P. bought a new position in CyberArk Software during the fourth quarter worth about $33,000. Assetmark Inc. raised its holdings in CyberArk Software by 62.1% during the 3rd quarter. Assetmark Inc. now owns 248 shares of the technology company's stock valued at $41,000 after acquiring an additional 95 shares during the period. UniSuper Management Pty Ltd purchased a new stake in shares of CyberArk Software during the second quarter worth $47,000. Ronald Blue Trust Inc. boosted its holdings in shares of CyberArk Software by 250.4% in the third quarter. Ronald Blue Trust Inc. now owns 466 shares of the technology company's stock worth $73,000 after acquiring an additional 333 shares during the period. Finally, Covestor Ltd purchased a new position in shares of CyberArk Software in the first quarter valued at $73,000. 91.84% of the stock is owned by hedge funds and other institutional investors.
CyberArk Software Stock Down 2.2 %
Shares of CYBR stock traded down $5.47 during mid-day trading on Friday, reaching $248.43. 441,765 shares of the company's stock traded hands, compared to its average volume of 341,407. The company's 50-day moving average price is $259.87 and its 200-day moving average price is $218.43. The company has a market cap of $10.50 billion, a P/E ratio of -153.35 and a beta of 1.05. CyberArk Software Ltd. has a 12 month low of $120.11 and a 12 month high of $283.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, beating analysts' consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The business had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. Equities analysts predict that CyberArk Software Ltd. will post -1.46 earnings per share for the current year.
Analyst Ratings Changes
Several research analysts have commented on the company. Oppenheimer raised their target price on CyberArk Software from $195.00 to $260.00 and gave the stock an "outperform" rating in a research note on Monday, January 8th. Citigroup increased their target price on shares of CyberArk Software from $215.00 to $265.00 and gave the stock a "buy" rating in a research note on Wednesday, January 10th. Wells Fargo & Company upped their price target on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an "overweight" rating in a report on Monday, January 29th. Cantor Fitzgerald reissued an "overweight" rating and set a $300.00 price objective on shares of CyberArk Software in a research note on Thursday, February 29th. Finally, Morgan Stanley lowered CyberArk Software from an "overweight" rating to an "equal weight" rating and upped their target price for the stock from $195.00 to $240.00 in a research note on Tuesday, January 9th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $258.54.
Read Our Latest Stock Analysis on CYBR
CyberArk Software Company Profile
(Free Report)
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.
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