Peregrine Investment Management Inc. Invests $1.79 Million in CyberArk Software Ltd. (NASDAQ:CYBR)

Peregrine Investment Management Inc. bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 5,300 shares of the technology company's stock, valued at approximately $1,791,000. CyberArk Software comprises 1.3% of Peregrine Investment Management Inc.'s investment portfolio, making the stock its 22nd largest position.

Several other large investors have also recently made changes to their positions in CYBR. Thoma Bravo L.P. bought a new stake in CyberArk Software in the 4th quarter worth approximately $380,637,000. Norges Bank purchased a new position in shares of CyberArk Software during the 4th quarter valued at $203,375,000. Congress Asset Management Co. lifted its stake in shares of CyberArk Software by 304.2% during the 1st quarter. Congress Asset Management Co. now owns 332,770 shares of the technology company's stock valued at $112,476,000 after buying an additional 250,441 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of CyberArk Software during the 4th quarter valued at $72,842,000. Finally, Janus Henderson Group PLC lifted its stake in shares of CyberArk Software by 7,524.4% during the 4th quarter. Janus Henderson Group PLC now owns 170,710 shares of the technology company's stock valued at $56,914,000 after buying an additional 168,471 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 1.0%

CYBR stock traded up $3.91 during midday trading on Monday, hitting $378.71. The company's stock had a trading volume of 355,921 shares, compared to its average volume of 574,612. CyberArk Software Ltd. has a 52-week low of $230.00 and a 52-week high of $421.00. The firm has a market capitalization of $18.72 billion, a P/E ratio of -202.80 and a beta of 1.00. The firm has a 50-day simple moving average of $382.87 and a 200-day simple moving average of $362.73.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The company's revenue for the quarter was up 43.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.75 EPS. On average, 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

Several research firms have commented on CYBR. Rosenblatt Securities reissued a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Roth Capital began coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They set a "buy" rating and a $415.00 price objective on the stock. KeyCorp lowered their target price on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a research note on Thursday, April 17th. Royal Bank Of Canada reiterated an "outperform" rating and set a $420.00 price objective on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Cantor Fitzgerald reissued an "overweight" rating and set a $400.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, CyberArk Software currently has an average rating of "Moderate Buy" and an average target price of $418.04.

CyberArk Software 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.