CyberArk Software Ltd. (NASDAQ:CYBR) Shares Sold by Jackson Square Capital LLC

Jackson Square Capital LLC decreased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 0.2% during the 4th quarter, HoldingsChannel reports. The fund owned 23,854 shares of the technology company’s stock after selling 41 shares during the quarter. CyberArk Software comprises approximately 1.9% of Jackson Square Capital LLC’s portfolio, making the stock its 11th biggest holding. Jackson Square Capital LLC’s holdings in CyberArk Software were worth $7,947,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

Several brokerages have weighed in on CYBR. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $335.00 target price on shares of CyberArk Software in a research note on Thursday, November 14th. Jefferies Financial Group lifted their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Citigroup upped their price target on CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research note on Friday. JPMorgan Chase & Co. lifted their price objective on CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Finally, Barclays upped their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus target price of $353.93.

CyberArk Software Stock Performance

CyberArk Software stock opened at $352.22 on Friday. 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. The stock has a 50-day simple moving average of $324.09 and a 200-day simple moving average of $292.91.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.31) earnings per share. As a group, analysts forecast that CyberArk Software Ltd. will post -0.58 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.