Oppenheimer Asset Management Inc. boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm 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 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC boosted its stake in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares during the period. Whipplewood Advisors LLC boosted its stake in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares during the period. Plato Investment Management Ltd bought a new position in CyberArk Software in the 4th quarter worth about $39,000. Graney & King LLC bought a new position in CyberArk Software in the 4th quarter worth about $43,000. Finally, Coppell Advisory Solutions LLC boosted its stake in CyberArk Software by 325.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company's stock worth $48,000 after purchasing an additional 114 shares during the period. Institutional investors own 91.84% of the company's stock.
CyberArk Software Price Performance
Shares of CyberArk Software stock opened at $397.13 on Wednesday. The business's 50 day simple moving average is $366.99 and its two-hundred day simple moving average is $355.14. The stock has a market capitalization of $19.63 billion, a P/E ratio of -213.51 and a beta of 0.99. CyberArk Software Ltd. has a one year low of $230.00 and a one year high of $421.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.19. The business had revenue of $317.60 million for the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The business's quarterly revenue was up 43.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.75 EPS. Sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.
Analysts Set New Price Targets
CYBR has been the subject of several analyst reports. Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. Stephens assumed coverage on CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price target on the stock. KeyCorp lowered their price target on CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a report on Thursday, April 17th. Finally, Roth Capital assumed coverage on CyberArk Software in a report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price target on the stock. Two investment 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 company. According to MarketBeat, CyberArk Software currently has an average rating of "Moderate Buy" and a consensus price target of $416.79.
Check Out Our Latest Analysis on CyberArk Software
About CyberArk Software
(
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
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