Angeles Wealth Management LLC Sells 215 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Angeles Wealth Management LLC reduced its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 10.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,928 shares of the technology company’s stock after selling 215 shares during the period. Angeles Wealth Management LLC’s holdings in CyberArk Software were worth $642,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CyberArk Software during the fourth quarter worth approximately $25,000. Assetmark Inc. boosted its holdings in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new stake in shares of CyberArk Software during the 4th quarter worth approximately $50,000. Transcendent Capital Group LLC bought a new stake in shares of CyberArk Software in the 3rd quarter valued at $51,000. Finally, Kieckhefer Group LLC acquired a new position in shares of CyberArk Software during the 4th quarter valued at $67,000. 91.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CYBR shares. Truist Financial raised their price target on shares of CyberArk Software from $350.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Stifel Nicolaus raised their target price on CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Royal Bank of Canada upped their price target on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Cantor Fitzgerald reiterated an “overweight” rating and issued a $415.00 price target on shares of CyberArk Software in a report on Monday, January 27th. Finally, KeyCorp boosted their price objective on CyberArk Software from $355.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $371.89.

CyberArk Software Stock Up 0.4 %

CyberArk Software stock opened at $384.29 on Monday. The company has a market capitalization of $16.74 billion, a P/E ratio of 1,423.35 and a beta of 1.15. The firm has a 50 day moving average price of $340.76 and a 200-day moving average price of $303.32. CyberArk Software Ltd. has a twelve month low of $223.09 and a twelve month high of $391.45.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) earnings per share. Equities analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal 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.