CyberArk Software Ltd. (NASDAQ:CYBR) Stock Holdings Lessened by RiverPark Advisors LLC

RiverPark Advisors LLC trimmed its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 51.5% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 530 shares of the technology company’s stock after selling 562 shares during the quarter. RiverPark Advisors LLC’s holdings in CyberArk Software were worth $155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also made changes to their positions in the company. Mather Group LLC. purchased a new stake in shares of CyberArk Software in the second quarter worth approximately $27,000. ORG Partners LLC purchased a new stake in shares of CyberArk Software in the second quarter worth approximately $33,000. 1620 Investment Advisors Inc. bought a new position in CyberArk Software during the second quarter valued at approximately $39,000. Assetmark Inc. raised its position in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its position in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CYBR has been the topic of several recent research reports. Truist Financial reaffirmed a “buy” rating and set a $350.00 price objective (up previously from $300.00) on shares of CyberArk Software in a research report on Thursday. Royal Bank of Canada raised their price objective on shares of CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a research report on Thursday. Piper Sandler raised their price objective on shares of CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday. Canaccord Genuity Group raised their price objective on shares of CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a research report on Thursday. Finally, BTIG Research raised their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Price Performance

CYBR opened at $305.27 on Friday. CyberArk Software Ltd. has a fifty-two week low of $183.28 and a fifty-two week high of $318.16. The firm’s fifty day moving average price is $285.06 and its two-hundred day moving average price is $267.28. The company has a market capitalization of $13.30 billion, a P/E ratio of 1,130.67 and a beta of 1.13.

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.