Captrust Financial Advisors raised its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 39.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,607 shares of the technology company's stock after purchasing an additional 1,873 shares during the period. Captrust Financial Advisors' holdings in CyberArk Software were worth $2,201,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. CHURCHILL MANAGEMENT Corp bought a new position in CyberArk Software in the fourth quarter valued at $764,000. China Universal Asset Management Co. Ltd. acquired a new stake in CyberArk Software in the fourth quarter valued at $1,166,000. Spire Wealth Management lifted its stake in CyberArk Software by 236.8% in the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after acquiring an additional 3,344 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in CyberArk Software by 9.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock valued at $3,857,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Park Avenue Securities LLC lifted its stake in CyberArk Software by 27.7% in the fourth quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company's stock valued at $1,363,000 after acquiring an additional 887 shares during the last quarter. Institutional investors own 91.84% of the company's stock.
Analyst Upgrades and Downgrades
A number of brokerages have commented on CYBR. Piper Sandler increased their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Oppenheimer raised their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Morgan Stanley cut their target price on shares of CyberArk Software from $390.00 to $380.00 and set an "equal weight" rating for the company in a research note on Wednesday, April 16th. Wells Fargo & Company raised their target price on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, DA Davidson cut their target price on shares of CyberArk Software from $475.00 to $415.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Two analysts have rated the stock with a hold rating, twenty-five have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $415.18.
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CyberArk Software Trading Up 2.3%
CYBR opened at $367.66 on Tuesday. The company's fifty day moving average price is $340.97 and its two-hundred day moving average price is $339.30. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The company has a market cap of $18.17 billion, a price-to-earnings ratio of -188.54 and a beta of 0.99.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its 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%. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.
CyberArk Software Company Profile
(
Free Report)
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.
Further Reading
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