AMI Asset Management Corp Grows Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

AMI Asset Management Corp lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 1,130.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 73,603 shares of the technology company's stock after buying an additional 67,621 shares during the quarter. AMI Asset Management Corp owned approximately 0.15% of CyberArk Software worth $24,878,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC raised its stake in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after purchasing an additional 34 shares in the last quarter. Golden State Wealth Management LLC raised its stake in CyberArk Software by 100.0% during 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 in the last quarter. Whipplewood Advisors LLC raised its stake in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after purchasing an additional 46 shares in the last quarter. Bessemer Group Inc. raised its stake in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after purchasing an additional 80 shares in the last quarter. Finally, Plato Investment Management Ltd purchased a new stake in CyberArk Software during the fourth quarter valued at $39,000. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

CyberArk Software stock traded down $5.67 during midday trading on Friday, hitting $397.89. 410,617 shares of the company's stock were exchanged, compared to its average volume of 559,100. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $421.00. The firm has a 50-day moving average of $372.61 and a two-hundred day moving average of $357.13. The company has a market cap of $19.67 billion, a PE ratio of -213.92 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its 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 company had revenue of $317.60 million for the quarter, compared to analysts' expectations of $305.57 million. During the same period in the prior year, the business earned $0.75 EPS. The firm's quarterly revenue was up 43.3% on a year-over-year basis. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CYBR. Roth Capital initiated coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 price target on the stock. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Needham & Company LLC reiterated a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Thursday, March 20th. Barclays reiterated an "overweight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Truist Financial cut their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of "Moderate Buy" and an average price target of $416.79.

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.