Taylor Frigon Capital Management LLC Has $3.83 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Taylor Frigon Capital Management LLC trimmed its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 11.5% during the fourth quarter, HoldingsChannel.com reports. The firm owned 11,484 shares of the technology company’s stock after selling 1,492 shares during the quarter. CyberArk Software makes up 1.9% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 6th largest position. Taylor Frigon Capital Management LLC’s holdings in CyberArk Software were worth $3,826,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the stock. Assenagon Asset Management S.A. lifted its stake in CyberArk Software by 40.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,363 shares of the technology company’s stock worth $689,000 after purchasing an additional 681 shares in the last quarter. First Trust Direct Indexing L.P. bought a new position in shares of CyberArk Software in the third quarter worth $383,000. Pinnacle Associates Ltd. increased its holdings in shares of CyberArk Software by 6.9% in the third quarter. Pinnacle Associates Ltd. now owns 1,550 shares of the technology company’s stock worth $452,000 after purchasing an additional 100 shares during the period. Diversify Wealth Management LLC increased its holdings in shares of CyberArk Software by 11.8% in the third quarter. Diversify Wealth Management LLC now owns 2,230 shares of the technology company’s stock worth $644,000 after purchasing an additional 236 shares during the period. Finally, Financial Advocates Investment Management increased its holdings in shares of CyberArk Software by 7.0% in the third quarter. Financial Advocates Investment Management now owns 1,404 shares of the technology company’s stock worth $409,000 after purchasing an additional 92 shares during the period. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 1.6 %

CyberArk Software stock opened at $364.18 on Thursday. The firm has a 50-day moving average of $358.58 and a 200-day moving average of $315.53. The firm has a market cap of $15.87 billion, a P/E ratio of -186.76 and a beta of 1.15. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its 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 positive return on equity of 0.45% and a negative net margin of 9.34%. Research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several research analyst reports. KeyCorp upped their price target on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Truist Financial upped their price target on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Royal Bank of Canada upped their price target on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a report on Wednesday. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and an average target price of $416.67.

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.