Mesirow Financial Investment Management Inc. Buys Shares of 1,400 CyberArk Software Ltd. (NASDAQ:CYBR)

Key Points

• Mesirow Financial Investment Management Inc. acquired a new stake in CyberArk Software Ltd. by purchasing 1,400 shares, valued at approximately $473,000, in the first quarter of the year.
• Analysts have varied opinions on CyberArk Software, with Barclays raising their price target from $405 to $440 and a majority of analysts giving it a rating of "Moderate Buy".
• CyberArk Software reported strong earnings, with $0.88 earnings per share, exceeding expectations and a revenue increase of 46.0% year-over-year, totaling $328.03 million.

Mesirow Financial Investment Management Inc. bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 1,400 shares of the technology company's stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its holdings in shares of CyberArk Software by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock valued at $282,000 after buying an additional 29 shares during the period. CenterBook Partners LP lifted its holdings in shares of CyberArk Software by 2.4% in the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock valued at $534,000 after buying an additional 38 shares during the period. Golden State Wealth Management LLC lifted its holdings in shares of CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after buying an additional 39 shares during the period. Assetmark Inc. lifted its holdings in shares of CyberArk Software by 13.9% in the 1st quarter. Assetmark Inc. now owns 327 shares of the technology company's stock valued at $111,000 after buying an additional 40 shares during the period. Finally, Whipplewood Advisors LLC lifted its holdings in shares of 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. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CYBR has been the subject of several research reports. Barclays lifted their price objective on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Wedbush reaffirmed a "neutral" rating and set a $450.00 price objective on shares of CyberArk Software in a report on Thursday. DA Davidson lifted their price objective on CyberArk Software from $465.00 to $518.00 and gave the stock a "buy" rating in a report on Thursday. Stifel Nicolaus reaffirmed a "hold" rating and set a $444.00 price objective on shares of CyberArk Software in a report on Thursday. Finally, UBS Group reaffirmed a "neutral" rating and set a $485.00 price objective (up from $480.00) on shares of CyberArk Software in a report on Thursday. Eleven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and an average price target of $433.39.

CyberArk Software Trading Down 5.5%

NASDAQ CYBR opened at $411.47 on Friday. The stock has a 50-day simple moving average of $391.33 and a 200 day simple moving average of $367.51. The company has a market capitalization of $20.34 billion, a PE ratio of -122.10 and a beta of 1.00. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 13.78%. The firm had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. During the same period in the previous year, the firm earned $0.54 earnings per share. The company's revenue was up 46.0% on a year-over-year basis. As a group, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.