Alpha DNA Investment Management LLC Buys New Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Alpha DNA Investment Management LLC bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,335 shares of the technology company's stock, valued at approximately $778,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC raised its stake in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after buying an additional 34 shares in the last quarter. CenterBook Partners LP raised its position in shares of CyberArk Software by 2.4% during the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock worth $534,000 after acquiring an additional 38 shares in the last quarter. Montag A & Associates Inc. lifted its stake in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after purchasing an additional 42 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in CyberArk Software by 6.9% in the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company's stock valued at $268,000 after purchasing an additional 52 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its stake in CyberArk Software by 1.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company's stock valued at $1,275,000 after purchasing an additional 53 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several research analyst reports. JMP Securities upped their target price on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. JPMorgan Chase & Co. upped their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. DA Davidson cut their target price on CyberArk Software from $475.00 to $415.00 and set a "buy" rating on the stock in a research report on Monday, April 14th. Stephens began coverage on CyberArk Software in a research report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 target price for the company. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $420.00 price target on shares of CyberArk Software in a research report on Friday, April 11th. Two investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $412.24.

CyberArk Software Stock Up 3.1 %

Shares of CYBR traded up $10.13 on Wednesday, reaching $331.82. The stock had a trading volume of 247,774 shares, compared to its average volume of 533,953. The firm has a 50-day moving average of $348.09 and a 200 day moving average of $332.90. The firm has a market capitalization of $16.40 billion, a PE ratio of -170.16 and a beta of 1.00. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly 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%. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.