Free Trial

CyberArk Software Ltd. (NASDAQ:CYBR) Position Raised by KBC Group NV

CyberArk Software logo with Computer and Technology background

KBC Group NV raised its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 40.4% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 65,506 shares of the technology company's stock after purchasing an additional 18,847 shares during the period. KBC Group NV owned about 0.13% of CyberArk Software worth $22,141,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. TD Private Client Wealth LLC grew its position in shares of CyberArk Software by 79.1% in the fourth 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 period. Golden State Wealth Management LLC boosted its stake in CyberArk Software by 100.0% in the 1st 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 during the last quarter. Whipplewood Advisors LLC grew its holdings in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after buying an additional 46 shares during the period. Bessemer Group Inc. increased its stake in shares of CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after acquiring an additional 80 shares during the last quarter. Finally, Plato Investment Management Ltd acquired a new position in shares of CyberArk Software during the 4th quarter valued at about $39,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of recent analyst reports. DA Davidson boosted their target price on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Needham & Company LLC reissued a "buy" rating and set a $480.00 price objective on shares of CyberArk Software in a research note on Thursday, March 20th. KeyCorp dropped their price objective on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Robert W. Baird lifted their target price on CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Wednesday, May 14th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $400.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of "Moderate Buy" and an average price target of $416.79.

Get Our Latest Report on CyberArk Software

CyberArk Software Price Performance

CYBR traded up $10.77 on Thursday, reaching $398.69. The company's stock had a trading volume of 503,070 shares, compared to its average volume of 560,480. CyberArk Software Ltd. has a 1 year low of $230.00 and a 1 year high of $421.00. The business's 50 day moving average is $376.97 and its 200 day moving average is $358.47. The stock has a market cap of $19.71 billion, a price-to-earnings ratio of -214.35 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The company had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. During the same period in the prior year, the business posted $0.75 EPS. The business's revenue was up 43.3% on a year-over-year basis. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

CyberArk Software Profile

(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.

Further Reading

Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

Should You Invest $1,000 in CyberArk Software Right Now?

Before you consider CyberArk Software, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CyberArk Software wasn't on the list.

While CyberArk Software currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

20 High-Yield Dividend Stocks that Could Ruin Your Retirement Cover

Almost everyone loves strong dividend-paying stocks, but high yields can signal danger. Discover 20 high-yield dividend stocks paying an unsustainably large percentage of their earnings. Enter your email to get this report and avoid a high-yield dividend trap.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth
5 Stocks to BUY NOW in July 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines