J. Safra Sarasin Holding AG Cuts Position in CyberArk Software Ltd. (NASDAQ:CYBR)

J. Safra Sarasin Holding AG reduced its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 15.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 9,269 shares of the technology company’s stock after selling 1,758 shares during the period. J. Safra Sarasin Holding AG’s holdings in CyberArk Software were worth $3,088,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software during the 4th quarter valued at about $25,000. TD Private Client Wealth LLC boosted its stake in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares during the period. Plato Investment Management Ltd acquired a new position in shares of CyberArk Software in the fourth quarter valued at approximately $39,000. Graney & King LLC acquired a new stake in CyberArk Software during the 4th quarter worth approximately $43,000. Finally, Montag A & Associates Inc. boosted its position in CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of CYBR opened at $312.90 on Tuesday. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The firm has a 50-day simple moving average of $349.95 and a 200-day simple moving average of $332.98. The company has a market capitalization of $15.47 billion, a price-to-earnings ratio of -160.46 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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%. Equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

CYBR has been the topic of several analyst reports. Piper Sandler increased their price objective on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Guggenheim reiterated a “buy” rating and issued a $455.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Barclays cut their target price on shares of CyberArk Software from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. Wells Fargo & Company increased their price objective 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. Finally, KeyCorp lowered their target price on shares of CyberArk Software from $485.00 to $425.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $412.14.

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.