Snowden Capital Advisors LLC Invests $239,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Snowden Capital Advisors LLC purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 717 shares of the technology company's stock, valued at approximately $239,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. MCF Advisors LLC grew its holdings in CyberArk Software by 1,577.3% during the 4th quarter. MCF Advisors LLC now owns 369 shares of the technology company's stock worth $123,000 after acquiring an additional 347 shares in the last quarter. SG Americas Securities LLC boosted its stake in CyberArk Software by 97.5% during the 4th quarter. SG Americas Securities LLC now owns 167,759 shares of the technology company's stock worth $55,889,000 after purchasing an additional 82,812 shares during the period. Janney Montgomery Scott LLC boosted its stake in CyberArk Software by 23.9% during the 4th quarter. Janney Montgomery Scott LLC now owns 12,162 shares of the technology company's stock worth $4,052,000 after purchasing an additional 2,346 shares during the period. Whalen Wealth Management Inc. purchased a new position in CyberArk Software during the 4th quarter worth $247,000. Finally, Zweig DiMenna Associates LLC raised its position in CyberArk Software by 119.6% during the 4th quarter. Zweig DiMenna Associates LLC now owns 40,700 shares of the technology company's stock worth $13,559,000 after buying an additional 22,165 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of CYBR traded down $0.26 during mid-day trading on Tuesday, hitting $381.03. The company's stock had a trading volume of 446,339 shares, compared to its average volume of 548,927. The stock's 50-day moving average is $346.26 and its two-hundred day moving average is $344.70. The firm has a market capitalization of $18.83 billion, a PE ratio of -195.13 and a beta of 0.99. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its 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. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The business had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. During the same period in the prior year, the company posted $0.75 earnings per share. CyberArk Software's revenue was up 43.3% on a year-over-year basis. Analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CYBR. Cantor Fitzgerald reiterated an "overweight" rating and issued a $400.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Stifel Nicolaus upped their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Citigroup lifted their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a research report on Monday, March 3rd. Canaccord Genuity Group lifted their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Finally, Barclays reiterated an "overweight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, CyberArk Software presently has a consensus rating of "Moderate Buy" and an average price target of $415.71.

About CyberArk Software

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.