Legacy Wealth Asset Management LLC Acquires New Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Legacy Wealth Asset Management LLC purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 749 shares of the technology company's stock, valued at approximately $253,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted 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 valued at $26,000 after acquiring an additional 34 shares during the last quarter. Plato Investment Management Ltd acquired a new position in CyberArk Software in the fourth quarter valued at $39,000. Graney & King LLC acquired a new position in CyberArk Software in the fourth quarter valued at $43,000. Montag A & Associates Inc. raised its holdings in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after purchasing an additional 42 shares in the last quarter. Finally, Coppell Advisory Solutions LLC raised its holdings in CyberArk Software by 325.7% during 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. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Down 0.9%

NASDAQ CYBR traded down $3.67 during trading hours on Thursday, reaching $392.18. 795,229 shares of the company traded hands, compared to its average volume of 551,122. 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 $19.38 billion, a PE ratio of -201.12 and a beta of 0.99. The company has a 50 day moving average of $351.74 and a two-hundred day moving average of $348.32.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted 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 9.34% and a positive return on equity of 0.45%. The company had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. During the same period last year, the firm posted $0.75 EPS. The company's revenue for the quarter was up 43.3% on a year-over-year basis. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several recent analyst reports. Royal Bank of Canada restated an "outperform" rating and set a $420.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $400.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Robert W. Baird upped 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. KeyCorp reduced their price objective on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Finally, JMP Securities upped their price objective on shares of CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a research note 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 assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $415.71.

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.