Granahan Investment Management LLC Reduces Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Granahan Investment Management LLC trimmed its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 24.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,038 shares of the technology company’s stock after selling 12,114 shares during the period. Granahan Investment Management LLC owned 0.09% of CyberArk Software worth $12,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp purchased a new position in shares of CyberArk Software in the fourth quarter worth about $764,000. China Universal Asset Management Co. Ltd. acquired a new position in CyberArk Software in the 4th quarter worth approximately $1,166,000. Spire Wealth Management raised its position in CyberArk Software by 236.8% during the 4th quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock worth $1,584,000 after buying an additional 3,344 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of CyberArk Software by 9.7% in the 4th quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company’s stock valued at $3,857,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Park Avenue Securities LLC increased its stake in shares of CyberArk Software by 27.7% in the fourth quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company’s stock worth $1,363,000 after acquiring an additional 887 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CYBR. Truist Financial decreased their target price on shares of CyberArk Software from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Monday, March 31st. Citigroup upped their target price on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Barclays dropped their target price on CyberArk Software from $450.00 to $405.00 and set an “overweight” rating on the stock in a report on Monday, April 14th. Guggenheim reissued a “buy” rating and issued a $455.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Finally, Canaccord Genuity Group raised their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $415.18.

CyberArk Software Trading Down 1.5 %

CYBR stock opened at $359.04 on Friday. The firm has a 50-day moving average of $340.85 and a two-hundred day moving average of $338.10. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The company has a market cap of $17.75 billion, a price-to-earnings ratio of -184.12 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Company 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.