Thoma Bravo L.P. purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 1,142,538 shares of the technology company's stock, valued at approximately $380,637,000. CyberArk Software accounts for about 6.8% of Thoma Bravo L.P.'s portfolio, making the stock its 5th biggest position. Thoma Bravo L.P. owned about 2.62% of CyberArk Software as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in CYBR. Snowden Capital Advisors LLC acquired a new stake in shares of CyberArk Software in the fourth quarter worth $239,000. Shay Capital LLC acquired a new stake in shares of CyberArk Software in the fourth quarter worth $267,000. Seven Grand Managers LLC acquired a new stake in shares of CyberArk Software in the fourth quarter worth $16,658,000. Raiffeisen Bank International AG acquired a new stake in shares of CyberArk Software in the fourth quarter worth $13,057,000. Finally, Quantinno Capital Management LP boosted its position in CyberArk Software by 5.3% during the fourth quarter. Quantinno Capital Management LP now owns 1,636 shares of the technology company's stock valued at $545,000 after purchasing an additional 83 shares during the last quarter. 91.84% of the stock is owned by institutional investors.
CyberArk Software Price Performance
NASDAQ CYBR traded up $5.97 on Tuesday, reaching $355.26. The company had a trading volume of 746,445 shares, compared to its average volume of 541,688. The firm has a market cap of $17.56 billion, a price-to-earnings ratio of -182.18 and a beta of 0.99. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The business has a 50 day moving average of $343.37 and a two-hundred day moving average of $341.86.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. The business had revenue of $317.60 million for the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The business's quarterly revenue was up 43.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.75 earnings per share. As a group, research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research firms recently commented on CYBR. Roth Capital began coverage on CyberArk Software in a report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price objective on the stock. DA Davidson raised their target price on CyberArk Software from $415.00 to $435.00 and gave the company a "buy" rating in a report on Tuesday, May 13th. JMP Securities raised their target price on CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a report on Friday, February 14th. Canaccord Genuity Group raised their target price on CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a report on Friday, February 14th. Finally, Wells Fargo & Company lifted their price objective on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, CyberArk Software currently has an average rating of "Moderate Buy" and a consensus price target of $415.71.
Read Our Latest Report on CyberArk Software
About CyberArk Software
(
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.
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