180 Wealth Advisors LLC Trims Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

180 Wealth Advisors LLC cut its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.1% during the 4th quarter, HoldingsChannel.com reports. The firm owned 3,500 shares of the technology company’s stock after selling 76 shares during the quarter. 180 Wealth Advisors LLC’s holdings in CyberArk Software were worth $1,166,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Assetmark Inc. increased its stake in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares during the last quarter. Transcendent Capital Group LLC purchased a new stake in CyberArk Software in the third quarter valued at approximately $51,000. Kieckhefer Group LLC purchased a new position in CyberArk Software in the 4th quarter worth approximately $67,000. Future Financial Wealth Managment LLC purchased a new stake in shares of CyberArk Software during the 3rd quarter valued at $87,000. Finally, Centaurus Financial Inc. purchased a new position in CyberArk Software in the second quarter worth $109,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on CYBR shares. Royal Bank of Canada increased their price objective on CyberArk Software from $358.00 to $385.00 and gave the company an “outperform” rating in a research report on Friday, January 3rd. Oppenheimer upped their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Piper Sandler lifted their target price on shares of CyberArk Software from $345.00 to $380.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. DA Davidson raised their price target on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Finally, Wedbush upped their price target on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $350.22.

CyberArk Software Price Performance

CyberArk Software stock opened at $337.83 on Tuesday. CyberArk Software Ltd. has a one year low of $221.12 and a one year high of $348.29. The business’s fifty day moving average is $319.47 and its 200 day moving average is $290.87. The stock has a market capitalization of $14.72 billion, a PE ratio of 1,251.27 and a beta of 1.13.

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

About CyberArk Software

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.