CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by MassMutual Private Wealth & Trust FSB

MassMutual Private Wealth & Trust FSB trimmed its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 42.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 855 shares of the technology company’s stock after selling 623 shares during the period. MassMutual Private Wealth & Trust FSB’s holdings in CyberArk Software were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in CyberArk Software during the 3rd quarter worth about $82,485,000. Clearbridge Investments LLC lifted its stake in CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock worth $61,350,000 after purchasing an additional 160,269 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in CyberArk Software by 89.2% in the second quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock valued at $45,745,000 after purchasing an additional 78,887 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in CyberArk Software by 45.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 171,893 shares of the technology company’s stock valued at $50,126,000 after purchasing an additional 53,502 shares during the last quarter. Finally, Mizuho Markets Americas LLC acquired a new stake in CyberArk Software during the third quarter worth approximately $13,997,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.9 %

Shares of CYBR opened at $358.63 on Thursday. CyberArk Software Ltd. has a 52-week low of $223.09 and a 52-week high of $364.18. The company has a 50-day simple moving average of $326.34 and a 200-day simple moving average of $294.20. The company has a market capitalization of $15.63 billion, a PE ratio of 1,328.31 and a beta of 1.13.

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

Analysts Set New Price Targets

CYBR has been the subject of several research analyst reports. Truist Financial restated a “buy” rating and issued a $350.00 target price (up previously from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. Scotiabank raised their price objective on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday. Mizuho boosted their target price on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. BTIG Research raised their price target on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their price objective on CyberArk Software from $350.00 to $410.00 and gave the company an “overweight” rating in a research note on Thursday, January 2nd. One investment analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $358.74.

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.