CyberArk Software Ltd. (NASDAQ:CYBR) is Herald Investment Management Ltd’s 9th Largest Position

Herald Investment Management Ltd lowered its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 47,300 shares of the technology company’s stock after selling 1,000 shares during the quarter. CyberArk Software makes up approximately 2.6% of Herald Investment Management Ltd’s holdings, making the stock its 9th biggest holding. Herald Investment Management Ltd owned approximately 0.11% of CyberArk Software worth $15,758,000 at the end of the most recent quarter.

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

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $325.84 on Friday. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of -167.10 and a beta of 1.00. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The business’s 50-day simple moving average is $352.42 and its 200 day simple moving average is $331.66.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results 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%. On average, equities research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Truist Financial cut their price target on CyberArk Software from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Rosenblatt Securities reissued a “buy” rating and set a $445.00 price target on shares of CyberArk Software in a research report on Wednesday, February 26th. DA Davidson cut their target price on CyberArk Software from $475.00 to $415.00 and set a “buy” rating on the stock in a research note on Monday. Finally, JMP Securities raised their price target on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $412.14.

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.