Taylor Frigon Capital Management LLC Lowers Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Taylor Frigon Capital Management LLC decreased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 6.2% during the 4th quarter, HoldingsChannel reports. The firm owned 32,190 shares of the technology company’s stock after selling 2,129 shares during the quarter. CyberArk Software comprises approximately 2.4% of Taylor Frigon Capital Management LLC’s holdings, making the stock its 5th largest position. Taylor Frigon Capital Management LLC’s holdings in CyberArk Software were worth $4,173,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ellevest Inc. increased its stake in shares of CyberArk Software by 480.0% in the 3rd quarter. Ellevest Inc. now owns 174 shares of the technology company’s stock valued at $26,000 after purchasing an additional 144 shares during the last quarter. Private Trust Co. NA bought a new stake in CyberArk Software during the 2nd quarter worth $36,000. Heritage Wealth Management LLC bought a new stake in CyberArk Software during the 2nd quarter worth $40,000. Wipfli Financial Advisors LLC bought a new stake in CyberArk Software during the 3rd quarter worth $40,000. Finally, Covestor Ltd acquired a new position in CyberArk Software during the 1st quarter worth about $73,000. Institutional investors own 91.52% of the company’s stock.

CyberArk Software Stock Down 1.4 %

CYBR traded down $2.01 during trading on Friday, reaching $140.36. The stock had a trading volume of 410,797 shares, compared to its average volume of 313,013. The company has a quick ratio of 2.43, a current ratio of 2.43 and a debt-to-equity ratio of 0.84. CyberArk Software Ltd. has a one year low of $100.35 and a one year high of $180.01. The business has a 50-day moving average of $140.13 and a 200-day moving average of $142.79.

CyberArk Software (NASDAQ:CYBR – Get Rating) last announced its quarterly earnings data on Thursday, February 9th. The technology company reported ($0.50) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.63) by $0.13. CyberArk Software had a negative return on equity of 17.78% and a negative net margin of 22.03%. The firm had revenue of $169.15 million for the quarter, compared to analysts’ expectations of $174.10 million. As a group, analysts forecast that CyberArk Software Ltd. will post -2.75 EPS for the current year.

Analyst Ratings Changes

Several research analysts have commented on the company. Mizuho reaffirmed a “buy” rating and set a $175.00 target price on shares of CyberArk Software in a report on Friday, February 10th. JPMorgan Chase & Co. began coverage on CyberArk Software in a research note on Tuesday, January 24th. They issued a “neutral” rating and a $147.00 price objective on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $180.00 target price on shares of CyberArk Software in a research report on Friday, February 10th. Roth Capital reaffirmed a “buy” rating on shares of CyberArk Software in a research report on Thursday, February 9th. Finally, Citigroup boosted their target price on CyberArk Software from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Friday, February 10th. Five research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $171.18.

CyberArk Software Company Profile

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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. The firm’s products include Privilege, Access, and DevSecOps. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.