Oppenheimer Asset Management Inc. Sells 183 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Oppenheimer Asset Management Inc. decreased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 1.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,883 shares of the technology company’s stock after selling 183 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in CyberArk Software were worth $4,625,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CYBR. Nepsis Inc. boosted its holdings in shares of CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after purchasing an additional 505,088 shares during the period. Jennison Associates LLC boosted its holdings in shares of CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after purchasing an additional 391,900 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of CyberArk Software by 195.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock worth $170,614,000 after purchasing an additional 336,462 shares during the period. Swedbank AB boosted its holdings in shares of CyberArk Software by 19.0% in the 4th quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock worth $181,600,000 after purchasing an additional 87,201 shares during the period. Finally, SG Americas Securities LLC boosted its holdings in shares of CyberArk Software by 97.5% in the 4th quarter. SG Americas Securities LLC now owns 167,759 shares of the technology company’s stock worth $55,889,000 after purchasing an additional 82,812 shares during the period. Institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CYBR. Needham & Company LLC reiterated a “buy” rating and issued a $480.00 target price on shares of CyberArk Software in a report on Wednesday. Robert W. Baird lifted their target price on CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Tuesday. Piper Sandler lifted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Stifel Nicolaus lifted their target price on CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Finally, Royal Bank of Canada boosted their price objective on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and an average target price of $416.67.

CyberArk Software Trading Up 3.4 %

CYBR opened at $363.85 on Friday. The firm has a market cap of $15.85 billion, a price-to-earnings ratio of -186.59 and a beta of 1.15. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a fifty day moving average price of $361.40 and a 200-day moving average price of $316.77.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities research analysts forecast 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.