Alerus Financial NA Sells 453 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Alerus Financial NA lowered its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 5.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,955 shares of the technology company’s stock after selling 453 shares during the quarter. Alerus Financial NA’s holdings in CyberArk Software were worth $2,650,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in CYBR. Charles Schwab Investment Management Inc. grew its position in CyberArk Software by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company’s stock worth $8,632,000 after acquiring an additional 1,557 shares in the last quarter. Centaurus Financial Inc. boosted its holdings in shares of CyberArk Software by 18.8% in the 3rd quarter. Centaurus Financial Inc. now owns 475 shares of the technology company’s stock worth $139,000 after purchasing an additional 75 shares during the period. Daiwa Securities Group Inc. increased its position in shares of CyberArk Software by 11.5% during the 3rd quarter. Daiwa Securities Group Inc. now owns 3,774 shares of the technology company’s stock valued at $1,101,000 after purchasing an additional 389 shares during the last quarter. Townsquare Capital LLC raised its holdings in CyberArk Software by 8.9% during the 3rd quarter. Townsquare Capital LLC now owns 16,914 shares of the technology company’s stock valued at $4,932,000 after buying an additional 1,388 shares during the period. Finally, Cynosure Group LLC bought a new stake in CyberArk Software in the third quarter worth $393,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have weighed in on CYBR. Royal Bank of Canada boosted their price objective on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Piper Sandler increased their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Barclays upped their target price on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Canaccord Genuity Group raised their price target on CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, Morgan Stanley started coverage on CyberArk Software in a research report on Tuesday, March 18th. They issued an “equal weight” rating on the stock. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Stock Performance

CyberArk Software stock opened at $341.21 on Friday. The stock has a market cap of $16.86 billion, a PE ratio of -174.98 and a beta of 1.06. The stock has a 50-day moving average of $364.49 and a two-hundred day moving average of $325.26. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00.

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 the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 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.