CyberArk Software Ltd. (NASDAQ:CYBR) Shares Bought by Private Advisor Group LLC

Private Advisor Group LLC lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 23.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,917 shares of the technology company's stock after acquiring an additional 1,293 shares during the quarter. Private Advisor Group LLC's holdings in CyberArk Software were worth $2,338,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Bessemer Group Inc. lifted its stake in CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after buying an additional 80 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in CyberArk Software by 17.6% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock valued at $627,000 after buying an additional 280 shares in the last quarter. Blue Trust Inc. lifted its stake in CyberArk Software by 5.9% in the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock valued at $371,000 after buying an additional 61 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its stake in CyberArk Software by 9.1% in the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after buying an additional 187 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of research reports. DA Davidson raised their price target on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Barclays increased their price objective on shares of CyberArk Software from $405.00 to $440.00 and gave the company an "overweight" rating in a report on Monday, July 14th. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a report on Tuesday, May 13th. KeyCorp cut their price objective on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating for the company in a report on Thursday, April 17th. Finally, Roth Capital began coverage on shares of CyberArk Software in a report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price objective for the company. Two equities 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 company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $418.75.

CyberArk Software Price Performance

NASDAQ:CYBR traded down $1.64 during trading hours on Monday, reaching $377.09. 42,790 shares of the company were exchanged, compared to its average volume of 665,622. The firm has a market cap of $18.64 billion, a price-to-earnings ratio of -202.61 and a beta of 1.00. CyberArk Software Ltd. has a 52-week low of $230.00 and a 52-week high of $421.00. The stock has a 50 day simple moving average of $386.70 and a 200 day simple moving average of $365.78.

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 for the quarter, topping analysts' consensus estimates of $0.79 by $0.19. The company had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. CyberArk Software's revenue was up 43.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.75 earnings per share. On average, analysts predict that CyberArk Software Ltd. will post -0.47 EPS 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.