Left Brain Wealth Management LLC Purchases Shares of 1,600 CyberArk Software Ltd. (NASDAQ:CYBR)

Left Brain Wealth Management LLC bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,600 shares of the technology company's stock, valued at approximately $541,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Bessemer Group Inc. grew its position in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after acquiring an additional 80 shares during the period. Golden State Wealth Management LLC boosted its holdings in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after purchasing an additional 39 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in CyberArk Software by 17.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock valued at $627,000 after buying an additional 280 shares in the last quarter. Blue Trust Inc. raised its stake in CyberArk Software by 5.9% in the first quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock valued at $371,000 after buying an additional 61 shares in the last quarter. Finally, Yousif Capital Management LLC raised its stake in CyberArk Software by 9.1% in the first quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after buying an additional 187 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. KeyCorp lowered their price target on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Needham & Company LLC reaffirmed a "buy" rating and set a $480.00 price target on shares of CyberArk Software in a research report on Thursday, March 20th. Truist Financial cut their target price on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Rosenblatt Securities restated a "buy" rating and issued a $445.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Stephens initiated coverage on shares of CyberArk Software in a report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 target price for the company. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $418.04.

CyberArk Software Trading Up 0.6%

Shares of CYBR stock traded up $2.23 during trading hours on Monday, hitting $377.03. 855,114 shares of the company were exchanged, compared to its average volume of 576,426. The business has a 50 day moving average of $382.87 and a two-hundred day moving average of $362.73. CyberArk Software Ltd. has a 52 week low of $230.00 and a 52 week high of $421.00. The company has a market capitalization of $18.64 billion, a PE ratio of -202.70 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same quarter in the prior year, the firm earned $0.75 earnings per share. The firm's revenue was up 43.3% compared to the same quarter last year. On average, research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current 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.