Envestnet Asset Management Inc. Increases Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Envestnet Asset Management Inc. raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 15.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 167,149 shares of the technology company's stock after purchasing an additional 21,896 shares during the period. Envestnet Asset Management Inc. owned 0.34% of CyberArk Software worth $56,496,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in CYBR. TD Private Client Wealth LLC lifted its holdings in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after purchasing an additional 34 shares during the last quarter. Golden State Wealth Management LLC grew its holdings in CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after buying an additional 39 shares in the last quarter. Whipplewood Advisors LLC grew its stake in shares of CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares during the period. Bessemer Group Inc. lifted its holdings in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after purchasing an additional 80 shares in the last quarter. Finally, Graney & King LLC purchased a new position in shares of CyberArk Software during the 4th quarter valued at about $43,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

NASDAQ CYBR traded down $2.22 during trading on Tuesday, hitting $374.81. 456,348 shares of the company's stock traded hands, compared to its average volume of 575,995. CyberArk Software Ltd. has a 12-month low of $230.00 and a 12-month high of $421.00. The stock has a market capitalization of $18.53 billion, a price-to-earnings ratio of -201.51 and a beta of 1.00. The business has a 50 day moving average of $382.87 and a 200-day moving average of $362.73.

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, topping analysts' consensus estimates of $0.79 by $0.19. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The firm had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. During the same period in the prior year, the firm posted $0.75 earnings per share. The company's revenue for the quarter was up 43.3% on a year-over-year basis. On average, analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on CYBR shares. Stephens assumed coverage on CyberArk Software in a research note on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price objective for the company. Roth Capital began coverage on CyberArk Software in a report on Tuesday, May 13th. They set a "buy" rating and a $415.00 price objective on the stock. Barclays boosted their target price on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research note on Monday. Truist Financial lowered their target price on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, DA Davidson increased their price objective on CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Two equities 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 MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $418.04.

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.