Catalyst Capital Advisors LLC Invests $377,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Catalyst Capital Advisors LLC acquired a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,115 shares of the technology company's stock, valued at approximately $377,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Teacher Retirement System of Texas lifted its holdings in shares of CyberArk Software by 648.6% in the 1st quarter. Teacher Retirement System of Texas now owns 86,218 shares of the technology company's stock worth $29,142,000 after acquiring an additional 74,700 shares during the last quarter. Moody Lynn & Lieberson LLC lifted its holdings in shares of CyberArk Software by 14.1% in the 1st quarter. Moody Lynn & Lieberson LLC now owns 1,066 shares of the technology company's stock worth $360,000 after acquiring an additional 132 shares during the last quarter. FSM Wealth Advisors LLC bought a new stake in shares of CyberArk Software in the 1st quarter worth about $201,000. KBC Group NV lifted its holdings in CyberArk Software by 40.4% during the 1st quarter. KBC Group NV now owns 65,506 shares of the technology company's stock valued at $22,141,000 after buying an additional 18,847 shares in the last quarter. Finally, K.J. Harrison & Partners Inc bought a new stake in CyberArk Software during the 1st quarter valued at about $676,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CYBR. KeyCorp reduced their price target on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Roth Capital assumed coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 target price for the company. DA Davidson lifted their price objective on shares of CyberArk Software from $435.00 to $465.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Stephens assumed coverage on shares of CyberArk Software in a research report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 target price for the company. Finally, Truist Financial decreased their target price on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, CyberArk Software has an average rating of "Moderate Buy" and an average target price of $416.79.

CyberArk Software Stock Down 1.7%

NASDAQ:CYBR traded down $6.98 during trading hours on Tuesday, reaching $394.48. 486,228 shares of the company's stock were exchanged, compared to its average volume of 563,052. The firm has a market capitalization of $19.50 billion, a price-to-earnings ratio of -212.09 and a beta of 1.00. The company has a 50-day moving average of $380.12 and a 200 day moving average of $360.84. CyberArk Software Ltd. has a 1-year low of $230.00 and a 1-year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 7.97% and a positive return on equity of 0.71%. The business's revenue was up 43.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 EPS. Research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

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.