CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by IQ EQ FUND MANAGEMENT IRELAND Ltd

IQ EQ FUND MANAGEMENT IRELAND Ltd trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 9.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,026 shares of the technology company’s stock after selling 1,647 shares during the quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd’s holdings in CyberArk Software were worth $5,339,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software in the 4th quarter worth approximately $25,000. TD Private Client Wealth LLC lifted its position in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares in the last quarter. Plato Investment Management Ltd acquired a new position in CyberArk Software during the fourth quarter worth $39,000. Graney & King LLC purchased a new stake in CyberArk Software in the 4th quarter valued at $43,000. Finally, Montag A & Associates Inc. increased its stake in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after acquiring an additional 42 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on CYBR shares. Mizuho upped their price objective on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Royal Bank of Canada raised their price target on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Citigroup lifted their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Rosenblatt Securities restated a “buy” rating and set a $445.00 target price on shares of CyberArk Software in a report on Wednesday, February 26th. Finally, Guggenheim reiterated a “buy” rating and set a $455.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $348.42 on Thursday. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The stock has a market cap of $17.22 billion, a P/E ratio of -178.68 and a beta of 1.06. The firm has a fifty day moving average price of $364.78 and a 200 day moving average price of $325.14.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. Sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

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.