Jag Capital Management LLC acquired a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 13,724 shares of the technology company's stock, valued at approximately $4,639,000.
Other hedge funds also recently bought and sold shares of the company. Thoma Bravo L.P. acquired a new stake in shares of CyberArk Software in the fourth quarter worth approximately $380,637,000. First Trust Advisors LP grew its holdings in shares of CyberArk Software by 2.3% during the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after buying an additional 20,832 shares in the last quarter. Pictet Asset Management Holding SA raised its position in shares of CyberArk Software by 8.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock valued at $292,651,000 after buying an additional 68,359 shares during the last quarter. Norges Bank purchased a new position in shares of CyberArk Software in the fourth quarter worth about $203,375,000. Finally, Driehaus Capital Management LLC boosted its position in CyberArk Software by 31.5% during the fourth quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock worth $159,278,000 after acquiring an additional 114,622 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
CyberArk Software Stock Performance
CyberArk Software stock traded down $15.15 during trading hours on Tuesday, reaching $391.73. 742,768 shares of the stock were exchanged, compared to its average volume of 560,729. The stock has a market cap of $19.36 billion, a P/E ratio of -210.61 and a beta of 0.99. The firm's 50 day moving average is $374.49 and its 200 day moving average is $358.03. CyberArk Software Ltd. has a 52-week low of $230.00 and a 52-week high of $421.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.19. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The firm had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. During the same period in the prior year, the company posted $0.75 earnings per share. The firm's revenue for the quarter was up 43.3% on a year-over-year basis. Equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
CYBR has been the subject of several analyst reports. DA Davidson raised their target price on CyberArk Software from $435.00 to $465.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Rosenblatt Securities restated a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a research report on Tuesday, May 13th. Stephens began coverage on shares of CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 target price on the stock. Needham & Company LLC reiterated a "buy" rating and issued a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. Finally, Robert W. Baird lifted their target price on CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research report on Wednesday, May 14th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and an average price target of $416.79.
Check Out Our Latest Analysis on CyberArk Software
CyberArk Software 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.
See Also
Before you consider CyberArk Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CyberArk Software wasn't on the list.
While CyberArk Software currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
