Meitav Investment House Ltd. Reduces Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Meitav Investment House Ltd. lowered its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 65.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 39,590 shares of the technology company’s stock after selling 76,456 shares during the quarter. Meitav Investment House Ltd. owned approximately 0.09% of CyberArk Software worth $13,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software in the 4th quarter valued at $25,000. Assetmark Inc. raised its holdings in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares during the last quarter. Montag A & Associates Inc. raised its holdings in shares of CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new position in shares of CyberArk Software during the fourth quarter worth about $50,000. Finally, Transcendent Capital Group LLC acquired a new position in CyberArk Software in the 3rd quarter valued at about $51,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $409.17 on Thursday. The business’s fifty day moving average price is $353.44 and its two-hundred day moving average price is $311.47. The stock has a market cap of $17.83 billion, a PE ratio of -209.83 and a beta of 1.15. CyberArk Software Ltd. has a one year low of $223.09 and a one year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) 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%. As a group, equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on CYBR shares. Scotiabank lifted their target price 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. JMP Securities boosted 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. KeyCorp upped their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Truist Financial boosted their price target on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Morgan Stanley raised their price objective on shares of CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $401.67.

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.