Snowden Capital Advisors LLC Buys New Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Snowden Capital Advisors LLC acquired a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 717 shares of the technology company's stock, valued at approximately $239,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. China Universal Asset Management Co. Ltd. purchased a new position in shares of CyberArk Software in the 4th quarter valued at about $1,166,000. Spire Wealth Management boosted its position in CyberArk Software by 236.8% during the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock worth $1,584,000 after purchasing an additional 3,344 shares in the last quarter. Geneos Wealth Management Inc. grew its holdings in CyberArk Software by 9.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock valued at $3,857,000 after purchasing an additional 1,024 shares during the period. Van ECK Associates Corp increased its position in shares of CyberArk Software by 6.1% in the fourth quarter. Van ECK Associates Corp now owns 17,870 shares of the technology company's stock valued at $5,953,000 after buying an additional 1,035 shares in the last quarter. Finally, Alta Wealth Advisors LLC purchased a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $507,000. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Price Performance

Shares of CYBR stock traded down $6.72 during trading on Wednesday, reaching $376.09. The company's stock had a trading volume of 129,306 shares, compared to its average volume of 548,777. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The stock's 50-day moving average price is $346.98 and its 200 day moving average price is $344.97. The company has a market capitalization of $18.59 billion, a price-to-earnings ratio of -193.22 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The company's quarterly revenue was up 43.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.75 earnings per share. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on CYBR. Stephens started coverage on shares of CyberArk Software in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price target on the stock. Needham & Company LLC reaffirmed a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. Oppenheimer lifted their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a research report on Wednesday, February 5th. JPMorgan Chase & Co. upped their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 11th. Finally, KeyCorp lowered their price objective on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Two research 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. According to data from MarketBeat.com, CyberArk Software has a consensus rating of "Moderate Buy" and a consensus target price 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.