Prudential Financial Inc. Sells 573 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Prudential Financial Inc. trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 13.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,680 shares of the technology company’s stock after selling 573 shares during the quarter. Prudential Financial Inc.’s holdings in CyberArk Software were worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of CYBR. Congress Wealth Management LLC DE boosted its stake in CyberArk Software by 8.2% in the 4th quarter. Congress Wealth Management LLC DE now owns 18,080 shares of the technology company’s stock valued at $6,023,000 after buying an additional 1,365 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of CyberArk Software by 0.9% in the 4th quarter. Vanguard Group Inc. now owns 74,029 shares of the technology company’s stock valued at $24,663,000 after purchasing an additional 662 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of CyberArk Software in the 4th quarter worth about $4,514,000. Sei Investments Co. increased its position in shares of CyberArk Software by 12.1% during the 4th quarter. Sei Investments Co. now owns 128,406 shares of the technology company’s stock worth $42,779,000 after purchasing an additional 13,823 shares in the last quarter. Finally, TD Private Client Wealth LLC lifted its holdings in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Truist Financial dropped their price target on CyberArk Software from $450.00 to $425.00 and set a “buy” rating for the company in a report on Monday, March 31st. Cantor Fitzgerald reissued an “overweight” rating and issued a $415.00 price objective on shares of CyberArk Software in a research note on Monday, January 27th. Mizuho upped their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Barclays raised their price objective on shares of CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $418.04.

CyberArk Software Price Performance

NASDAQ CYBR opened at $306.46 on Monday. The stock’s 50-day moving average is $361.79 and its 200-day moving average is $328.83. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The firm has a market cap of $15.15 billion, a P/E ratio of -157.16 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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 analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software 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.