Wealth Enhancement Advisory Services LLC Has $1.01 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Wealth Enhancement Advisory Services LLC boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 50.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,022 shares of the technology company's stock after buying an additional 1,007 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in CyberArk Software were worth $1,007,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. TD Private Client Wealth LLC grew its holdings in shares of CyberArk Software by 79.1% in the 4th 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 during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of CyberArk Software during the fourth quarter worth $39,000. Graney & King LLC acquired a new stake in shares of CyberArk Software during the 4th quarter valued at about $43,000. Montag A & Associates Inc. grew its position in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after acquiring an additional 42 shares in the last quarter. Finally, Coppell Advisory Solutions LLC boosted its holdings in CyberArk Software by 325.7% in the fourth quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company's stock worth $48,000 after purchasing an additional 114 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

CyberArk Software stock traded down $3.47 during trading hours on Thursday, hitting $392.12. 451,922 shares of the stock were exchanged, compared to its average volume of 554,013. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $421.00. The business's 50-day moving average is $358.12 and its two-hundred day moving average is $351.07. The stock has a market capitalization of $19.38 billion, a P/E ratio of -201.09 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, beating analysts' consensus estimates 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 positive return on equity of 0.45% and a negative net margin of 9.34%. The business's revenue was up 43.3% on a year-over-year basis. During the same period last year, the firm posted $0.75 EPS. On average, equities analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CYBR shares. Truist Financial reduced their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a report on Monday, March 31st. Stephens initiated coverage on shares of CyberArk Software in a report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price target for the company. Robert W. Baird lifted their price objective on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. KeyCorp decreased their target price on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Finally, Stifel Nicolaus lifted their price target on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $416.79.

CyberArk Software 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.