G2 Investment Partners Management LLC Sells 2,405 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

G2 Investment Partners Management LLC lessened its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 10.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,036 shares of the technology company’s stock after selling 2,405 shares during the period. CyberArk Software accounts for about 1.8% of G2 Investment Partners Management LLC’s portfolio, making the stock its 23rd largest position. G2 Investment Partners Management LLC’s holdings in CyberArk Software were worth $7,008,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also bought and sold shares of the company. Wilmington Savings Fund Society FSB acquired a new position in CyberArk Software during the 3rd quarter worth approximately $144,000. Nordea Investment Management AB grew its position in CyberArk Software by 7.9% in the 4th quarter. Nordea Investment Management AB now owns 3,024 shares of the technology company’s stock valued at $993,000 after purchasing an additional 221 shares during the period. Fulton Bank N.A. raised its holdings in CyberArk Software by 4.7% during the fourth quarter. Fulton Bank N.A. now owns 1,994 shares of the technology company’s stock worth $664,000 after buying an additional 90 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of CyberArk Software by 4.5% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,105 shares of the technology company’s stock valued at $701,000 after buying an additional 90 shares in the last quarter. Finally, Brookstone Capital Management acquired a new position in shares of CyberArk Software during the fourth quarter valued at about $202,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on CYBR. Robert W. Baird lifted their price target on CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Piper Sandler upped their price target on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Canaccord Genuity Group raised their price objective on CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Guggenheim reiterated a “buy” rating and issued a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Wells Fargo & Company raised their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software has a consensus rating of “Buy” and a consensus price target of $415.18.

CyberArk Software Stock Up 1.0 %

Shares of NASDAQ CYBR opened at $364.46 on Friday. The business has a 50-day simple moving average of $340.76 and a two-hundred day simple moving average of $337.69. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The company has a market cap of $18.01 billion, a P/E ratio of -186.90 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.