Viking Fund Management LLC acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,000 shares of the technology company's stock, valued at approximately $1,014,000.
A number of other hedge funds have also added to or reduced their stakes in the stock. TD Private Client Wealth LLC lifted its position in shares of CyberArk Software by 79.1% during the 4th 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 during the last quarter. CenterBook Partners LP boosted its position in CyberArk Software by 2.4% during the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock valued at $534,000 after buying an additional 38 shares during the period. Montag A & Associates Inc. increased its stake in CyberArk Software by 47.2% in the 4th 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 period. Whipplewood Advisors LLC grew its holdings in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares during the last quarter. Finally, Continuum Advisory LLC boosted its holdings in CyberArk Software by 0.6% in the fourth quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company's stock valued at $2,622,000 after acquiring an additional 48 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.
CyberArk Software Trading Up 0.5%
Shares of CYBR traded up $1.78 during mid-day trading on Wednesday, hitting $395.85. The company's stock had a trading volume of 486,195 shares, compared to its average volume of 550,571. CyberArk Software Ltd. has a 52-week low of $230.00 and a 52-week high of $421.00. The company's 50-day moving average is $350.53 and its 200-day moving average is $347.99. The firm has a market capitalization of $19.57 billion, a price-to-earnings ratio of -203.00 and a beta of 0.99.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.19. The firm had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The firm's revenue for the quarter was up 43.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.75 EPS. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several brokerages have issued reports on CYBR. Roth Capital initiated coverage on shares of CyberArk Software in a report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 target price for the company. Piper Sandler upped their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. JMP Securities lifted their target price on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a report on Friday, February 14th. Robert W. Baird upped their price target on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Finally, Needham & Company LLC reaffirmed a "buy" rating and issued a $480.00 price target on shares of CyberArk Software in a report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and a consensus target price of $415.71.
View Our Latest Stock Analysis on CYBR
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.
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