Bailard Inc. acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 2,876 shares of the technology company's stock, valued at approximately $972,000.
Other large investors also recently bought and sold shares of the company. Thoma Bravo L.P. acquired a new position in shares of CyberArk Software in the 4th quarter worth approximately $380,637,000. Norges Bank acquired a new stake in CyberArk Software during the 4th quarter worth $203,375,000. Congress Asset Management Co. raised its stake in CyberArk Software by 304.2% during the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock worth $112,476,000 after acquiring an additional 250,441 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in CyberArk Software during the 4th quarter worth $72,842,000. Finally, Janus Henderson Group PLC grew its position in CyberArk Software by 7,524.4% during the 4th quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock worth $56,914,000 after purchasing an additional 168,471 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
CyberArk Software Stock Up 0.5%
CYBR stock traded up $2.10 during mid-day trading on Friday, reaching $385.58. 581,738 shares of the stock traded hands, compared to its average volume of 576,833. CyberArk Software Ltd. has a 52 week low of $230.00 and a 52 week high of $421.00. The business has a 50-day moving average of $384.62 and a two-hundred day moving average of $364.11. The firm has a market capitalization of $19.06 billion, a PE ratio of -207.30 and a beta of 1.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.79 by $0.19. The firm had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The business's quarterly revenue was up 43.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.75 EPS. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.
Analyst Ratings Changes
Several analysts have recently weighed in on the stock. KeyCorp lowered their target price on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Truist Financial reduced their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Royal Bank Of Canada reiterated an "outperform" rating and issued a $420.00 price objective on shares of CyberArk Software in a research note on Tuesday, May 13th. DA Davidson raised their price objective on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Roth Capital started coverage on shares of CyberArk Software in a research report on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price for the company. 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. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $418.04.
View Our Latest Stock Analysis on CyberArk Software
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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