AMI Asset Management Corp Reduces Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

AMI Asset Management Corp cut its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,982 shares of the technology company’s stock after selling 234 shares during the quarter. AMI Asset Management Corp’s holdings in CyberArk Software were worth $1,993,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software in the 4th quarter valued at about $25,000. Assetmark Inc. lifted its stake in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in CyberArk Software in the third quarter valued at about $51,000. Kieckhefer Group LLC acquired a new position in shares of CyberArk Software in the 4th quarter valued at approximately $67,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of CyberArk Software during the 3rd quarter valued at approximately $87,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Down 0.9 %

CYBR stock opened at $352.22 on Tuesday. The company has a 50-day simple moving average of $325.25 and a 200 day simple moving average of $293.63. The company has a market capitalization of $15.35 billion, a P/E ratio of 1,304.57 and a beta of 1.13. CyberArk Software Ltd. has a fifty-two week low of $223.09 and a fifty-two week high of $363.00.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping 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 analyst estimates of $234.10 million. During the same period in the prior year, the business posted ($0.31) EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. Equities analysts anticipate that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the topic of several recent analyst reports. Barclays upped their price target on shares of CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Jefferies Financial Group upped their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $335.00 price target on shares of CyberArk Software in a research note on Thursday, November 14th. Susquehanna upped their price objective on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, Truist Financial reaffirmed a “buy” rating and set a $350.00 target price (up previously from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $353.93.

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.