CyberArk Software Ltd. (NASDAQ:CYBR) Stock Holdings Lessened by George Kaiser Family Foundation

George Kaiser Family Foundation reduced its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 46.8% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 12,344 shares of the technology company’s stock after selling 10,853 shares during the quarter. CyberArk Software accounts for approximately 0.6% of George Kaiser Family Foundation’s portfolio, making the stock its 6th biggest position. George Kaiser Family Foundation’s holdings in CyberArk Software were worth $2,704,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CYBR. Jennison Associates LLC grew its stake in CyberArk Software by 81.4% in the 4th quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock valued at $230,871,000 after buying an additional 472,961 shares in the last quarter. Polar Capital Holdings Plc grew its position in shares of CyberArk Software by 15.4% in the third quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company’s stock valued at $97,412,000 after purchasing an additional 79,506 shares in the last quarter. TimesSquare Capital Management LLC lifted its holdings in CyberArk Software by 2.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock worth $90,724,000 after purchasing an additional 11,387 shares in the last quarter. Norges Bank purchased a new position in CyberArk Software during the 4th quarter valued at about $100,797,000. Finally, Nomura Holdings Inc. increased its position in shares of CyberArk Software by 9.5% during the third quarter. Nomura Holdings Inc. now owns 364,875 shares of the technology company’s stock valued at $59,756,000 after buying an additional 31,660 shares during the period. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded up $1.67 during trading hours on Friday, hitting $241.53. The company’s stock had a trading volume of 308,549 shares, compared to its average volume of 570,924. The business has a 50-day simple moving average of $248.12 and a 200-day simple moving average of $233.97. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of -377.39 and a beta of 1.06. CyberArk Software Ltd. has a 12 month low of $142.92 and a 12 month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. The company had revenue of $221.55 million during the quarter, compared to the consensus estimate of $213.42 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. On average, equities research analysts forecast that CyberArk Software Ltd. will post -1.24 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on CYBR shares. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a research report on Friday, May 3rd. Truist Financial increased their price objective on CyberArk Software from $250.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Wednesday, May 1st. Wedbush reiterated an “outperform” rating and set a $285.00 target price on shares of CyberArk Software in a research report on Friday, May 3rd. Finally, Susquehanna increased their price target on shares of CyberArk Software from $255.00 to $310.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $267.29.

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.