Oppenheimer Asset Management Inc. Buys 1,535 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Oppenheimer Asset Management Inc. boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 11.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,418 shares of the technology company's stock after purchasing an additional 1,535 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in CyberArk Software were worth $5,211,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CYBR. Crumly & Associates Inc. raised its stake in CyberArk Software by 5.9% during the first quarter. Crumly & Associates Inc. now owns 1,908 shares of the technology company's stock worth $645,000 after acquiring an additional 106 shares in the last quarter. Retirement Systems of Alabama acquired a new position in CyberArk Software during the first quarter worth about $5,235,000. Blue Trust Inc. raised its stake in CyberArk Software by 5.9% during the first quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after acquiring an additional 61 shares in the last quarter. Autumn Glory Partners LLC acquired a new position in CyberArk Software during the first quarter worth about $439,000. Finally, Prosperity Wealth Management Inc. raised its stake in CyberArk Software by 17.2% during the first quarter. Prosperity Wealth Management Inc. now owns 1,400 shares of the technology company's stock worth $473,000 after acquiring an additional 205 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Stock Down 1.4%

NASDAQ CYBR traded down $5.67 on Friday, reaching $397.89. The company had a trading volume of 410,617 shares, compared to its average volume of 559,100. The stock has a market capitalization of $19.67 billion, a P/E ratio of -213.92 and a beta of 0.99. The company's fifty day moving average is $372.61 and its 200 day moving average is $357.13. CyberArk Software Ltd. has a 52-week low of $230.00 and a 52-week high of $421.00.

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

Wall Street Analyst Weigh In

Several brokerages have commented on CYBR. Roth Capital began coverage on CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 target price for the company. Rosenblatt Securities reissued a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Robert W. Baird boosted their target price on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Stephens started coverage on CyberArk Software in a report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price target on the stock. Finally, Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $416.79.

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.