Migdal Insurance & Financial Holdings Ltd. Lowers Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Migdal Insurance & Financial Holdings Ltd. trimmed its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 33.3% during the 4th quarter, HoldingsChannel reports. The fund owned 30,000 shares of the technology company’s stock after selling 15,000 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in CyberArk Software were worth $9,995,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software during the 4th quarter valued at about $25,000. Assetmark Inc. grew its holdings in shares of CyberArk Software by 1,025.0% during 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. Brown Lisle Cummings Inc. bought a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $50,000. Transcendent Capital Group LLC purchased a new position in CyberArk Software in the 3rd quarter worth approximately $51,000. Finally, Kieckhefer Group LLC bought a new position in CyberArk Software in the 4th quarter valued at approximately $67,000. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Performance

CYBR opened at $382.81 on Friday. The stock has a market capitalization of $16.68 billion, a price-to-earnings ratio of 1,417.87 and a beta of 1.15. CyberArk Software Ltd. has a fifty-two week low of $223.09 and a fifty-two week high of $383.17. The company has a fifty day moving average of $338.27 and a 200 day moving average of $301.64.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same period in the prior 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, equities research analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Analyst Upgrades and Downgrades

CYBR has been the topic of several recent analyst reports. Barclays increased their price objective on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Piper Sandler raised their price target on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday. Needham & Company LLC upped their price objective on CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a research report on Thursday, January 9th. UBS Group raised their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Citigroup upped their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, January 17th. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, CyberArk Software has a consensus rating of “Moderate Buy” and an average target price of $371.89.

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.