GAMMA Investing LLC lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 35,202.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,886 shares of the technology company's stock after purchasing an additional 15,841 shares during the quarter. GAMMA Investing LLC's holdings in CyberArk Software were worth $5,369,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. TD Private Client Wealth LLC raised its position in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after acquiring an additional 34 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $39,000. Graney & King LLC purchased a new stake in shares of CyberArk Software in the fourth quarter valued at $43,000. Montag A & Associates Inc. boosted its position in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after acquiring an additional 42 shares during the period. Finally, Coppell Advisory Solutions LLC increased its stake in CyberArk Software by 325.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company's stock valued at $48,000 after buying an additional 114 shares during the period. 91.84% of the stock is currently owned by institutional investors.
CyberArk Software Trading Down 0.1%
Shares of CyberArk Software stock traded down $0.48 during trading on Wednesday, reaching $395.59. The stock had a trading volume of 482,127 shares, compared to its average volume of 554,391. The company has a market capitalization of $19.55 billion, a price-to-earnings ratio of -202.87 and a beta of 0.99. CyberArk Software Ltd. has a 52 week low of $230.00 and a 52 week high of $421.00. The stock has a fifty day moving average price of $356.34 and a two-hundred day moving average price of $350.76.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.19. The company 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 9.34% and a positive return on equity of 0.45%. The business's quarterly revenue was up 43.3% on a year-over-year basis. During the same period last year, the business earned $0.75 EPS. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages have commented on CYBR. Rosenblatt Securities restated a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Canaccord Genuity Group lifted their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research note on Friday, February 14th. DA Davidson boosted their target price on shares of CyberArk Software from $415.00 to $435.00 and gave the stock a "buy" rating in a research report on Tuesday, May 13th. Robert W. Baird lifted their price objective on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Finally, Roth Capital initiated coverage on shares of CyberArk Software in a report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price objective for the company. Two 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. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $415.71.
Read Our Latest Stock Report on CYBR
About CyberArk Software
(
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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