Calamos Wealth Management LLC Decreases Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Calamos Wealth Management LLC lowered its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 99.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,578 shares of the technology company’s stock after selling 375,422 shares during the quarter. Calamos Wealth Management LLC’s holdings in CyberArk Software were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of CYBR. Alliance Wealth Advisors LLC UT raised its position in CyberArk Software by 6.9% in the 4th quarter. Alliance Wealth Advisors LLC UT now owns 4,181 shares of the technology company’s stock valued at $1,393,000 after purchasing an additional 270 shares in the last quarter. Jennison Associates LLC grew its holdings in CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after acquiring an additional 391,900 shares in the last quarter. Resonant Capital Advisors LLC purchased a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $228,000. JB Capital LLC lifted its position in shares of CyberArk Software by 6.2% during the 4th quarter. JB Capital LLC now owns 6,497 shares of the technology company’s stock worth $2,164,000 after purchasing an additional 380 shares during the last quarter. Finally, Spire Wealth Management grew its stake in shares of CyberArk Software by 236.8% during the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock worth $1,584,000 after purchasing an additional 3,344 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CYBR has been the subject of several analyst reports. StockNews.com raised CyberArk Software from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Truist Financial upped their price objective on shares of CyberArk Software from $350.00 to $385.00 and gave the company a “buy” rating in a research note on Tuesday, January 28th. Robert W. Baird upped their target price on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th. Canaccord Genuity Group boosted their price objective on CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Stifel Nicolaus raised their target price on shares of CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $367.44.

CyberArk Software Stock Performance

CyberArk Software stock opened at $376.21 on Wednesday. The company has a market cap of $16.39 billion, a P/E ratio of 1,393.42 and a beta of 1.15. CyberArk Software Ltd. has a one year low of $223.09 and a one year high of $378.78. The business has a fifty day moving average of $337.03 and a two-hundred day moving average of $301.09.

CyberArk Software (NASDAQ:CYBR) last announced 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 net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. During the same quarter last year, the business earned ($0.31) earnings per share. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. Sell-side analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current year.

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.