Capital Market Strategies LLC Buys 668 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Capital Market Strategies LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 26.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,149 shares of the technology company's stock after acquiring an additional 668 shares during the period. Capital Market Strategies LLC's holdings in CyberArk Software were worth $1,064,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC lifted its stake in CyberArk Software by 23.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 12,162 shares of the technology company's stock valued at $4,052,000 after buying an additional 2,346 shares during the period. Blue Trust Inc. lifted its stake in CyberArk Software by 17.4% in the fourth quarter. Blue Trust Inc. now owns 1,356 shares of the technology company's stock valued at $452,000 after buying an additional 201 shares during the period. Pacer Advisors Inc. lifted its stake in CyberArk Software by 20.6% in the fourth quarter. Pacer Advisors Inc. now owns 1,427 shares of the technology company's stock valued at $475,000 after buying an additional 244 shares during the period. Foundations Investment Advisors LLC lifted its stake in CyberArk Software by 6.4% in the fourth quarter. Foundations Investment Advisors LLC now owns 2,906 shares of the technology company's stock valued at $968,000 after buying an additional 175 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in CyberArk Software by 22.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 87,798 shares of the technology company's stock valued at $29,250,000 after buying an additional 15,885 shares during the period. Institutional investors own 91.84% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CYBR. JMP Securities increased their target price on CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Piper Sandler lifted their price objective on CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. Rosenblatt Securities reiterated a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Guggenheim reiterated a "buy" rating and set a $455.00 price objective on shares of CyberArk Software in a report on Tuesday, February 25th. Finally, Robert W. Baird lifted their price objective on CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $415.71.

CyberArk Software Price Performance

NASDAQ CYBR traded up $1.47 on Friday, reaching $380.42. The stock had a trading volume of 697,433 shares, compared to its average volume of 552,183. The firm has a fifty day moving average of $348.57 and a two-hundred day moving average of $346.35. CyberArk Software Ltd. has a 1-year low of $225.88 and a 1-year high of $421.00. The company has a market cap of $18.80 billion, a P/E ratio of -195.09 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. During the same period in the prior year, the firm posted $0.75 EPS. The company's revenue for the quarter was up 43.3% on a year-over-year basis. Research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

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.