Burney Co. Sells 472 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Burney Co. decreased its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,547 shares of the technology company’s stock after selling 472 shares during the period. Burney Co.’s holdings in CyberArk Software were worth $6,179,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software during the fourth quarter worth $25,000. Assetmark Inc. increased its holdings in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in CyberArk Software in the 3rd quarter worth about $51,000. Kieckhefer Group LLC bought a new position in CyberArk Software in the fourth quarter valued at about $67,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in shares of CyberArk Software during the third quarter valued at about $87,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $345.75 on Wednesday. The business has a 50-day simple moving average of $320.70 and a 200 day simple moving average of $291.34. CyberArk Software Ltd. has a one year low of $221.12 and a one year high of $349.28. The firm has a market capitalization of $15.06 billion, a price-to-earnings ratio of 1,280.60 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter in the previous year, the company posted ($0.31) earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Analyst Ratings Changes

Several research firms have recently issued reports on CYBR. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $335.00 price objective on shares of CyberArk Software in a research note on Thursday, November 14th. Truist Financial reaffirmed a “buy” rating and set a $350.00 price target (up previously from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. Needham & Company LLC lifted their price target on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. Susquehanna increased their price objective on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Finally, Scotiabank initiated coverage on CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price on the stock. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $350.22.

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.