Groupama Asset Managment Sells 909,871 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Groupama Asset Managment lessened its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 87.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 132,896 shares of the technology company’s stock after selling 909,871 shares during the period. Groupama Asset Managment owned about 0.31% of CyberArk Software worth $42,474,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in CYBR. Geode Capital Management LLC raised its stake in shares of CyberArk Software by 5.3% in the fourth quarter. Geode Capital Management LLC now owns 392,006 shares of the technology company’s stock worth $130,088,000 after purchasing an additional 19,775 shares during the last quarter. HighPoint Advisor Group LLC raised its position in CyberArk Software by 19.3% in the 4th quarter. HighPoint Advisor Group LLC now owns 2,215 shares of the technology company’s stock valued at $738,000 after buying an additional 359 shares during the last quarter. Summit Financial LLC lifted its stake in CyberArk Software by 0.7% during the 4th quarter. Summit Financial LLC now owns 16,991 shares of the technology company’s stock valued at $5,661,000 after acquiring an additional 116 shares in the last quarter. Alliancebernstein L.P. lifted its stake in CyberArk Software by 144.8% during the 4th quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company’s stock valued at $81,786,000 after acquiring an additional 145,221 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC boosted its holdings in CyberArk Software by 14.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 979 shares of the technology company’s stock worth $326,000 after acquiring an additional 127 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CYBR stock opened at $338.00 on Tuesday. The stock has a market capitalization of $16.71 billion, a price-to-earnings ratio of -173.33 and a beta of 1.06. The company’s fifty day simple moving average is $363.88 and its two-hundred day simple moving average is $327.12. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00.

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

Analysts Set New Price Targets

Several brokerages have recently commented on CYBR. Mizuho increased their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. JPMorgan Chase & Co. increased their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Barclays boosted their target price on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Truist Financial decreased their price target on CyberArk Software from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Monday. Finally, Royal Bank of Canada lifted their price target on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $417.22.

About CyberArk Software

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.