Nicholas Company Inc. Sells 45 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Nicholas Company Inc. lowered its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 0.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,285 shares of the technology company’s stock after selling 45 shares during the period. Nicholas Company Inc.’s holdings in CyberArk Software were worth $43,071,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software in the fourth quarter valued at $25,000. Assetmark Inc. raised its stake in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares during the period. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software during the fourth quarter valued at about $39,000. Montag A & Associates Inc. increased its position in shares of 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 buying an additional 42 shares during the period. Finally, Brown Lisle Cummings Inc. purchased a new position in shares of CyberArk Software during the fourth quarter worth about $50,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $339.47 on Friday. The stock has a market capitalization of $14.79 billion, a price-to-earnings ratio of -174.09 and a beta of 1.06. The stock’s 50-day simple moving average is $363.85 and its two-hundred day simple moving average is $321.20. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on CYBR shares. Piper Sandler upped their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Oppenheimer upped their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Needham & Company LLC reaffirmed a “buy” rating and issued a $480.00 target price on shares of CyberArk Software in a research note on Wednesday, February 26th. Truist Financial upped their target price on CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, JPMorgan Chase & Co. increased their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $418.15.

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.