U.S. Capital Wealth Advisors LLC Buys New Position in CyberArk Software Ltd. (NASDAQ:CYBR)

U.S. Capital Wealth Advisors LLC purchased a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 5,364 shares of the technology company's stock, valued at approximately $1,813,000.

A number of other large investors also recently made changes to their positions in the company. Thoma Bravo L.P. bought a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $380,637,000. First Trust Advisors LP raised its position in shares of CyberArk Software by 2.3% in the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock valued at $313,084,000 after purchasing an additional 20,832 shares during the period. Pictet Asset Management Holding SA raised its position in shares of CyberArk Software by 8.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock valued at $292,651,000 after purchasing an additional 68,359 shares during the period. Norges Bank purchased a new position in CyberArk Software during the fourth quarter valued at approximately $203,375,000. Finally, Driehaus Capital Management LLC grew its stake in CyberArk Software by 31.5% during the fourth quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company's stock valued at $159,278,000 after acquiring an additional 114,622 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded down $1.59 during midday trading on Friday, reaching $374.80. 1,174,056 shares of the company's stock traded hands, compared to its average volume of 574,462. CyberArk Software Ltd. has a 1 year low of $230.00 and a 1 year high of $421.00. The company has a market cap of $18.53 billion, a P/E ratio of -201.51 and a beta of 1.00. The company has a fifty day simple moving average of $382.03 and a two-hundred day simple moving average of $361.39.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on CYBR. Robert W. Baird boosted their price target on shares of CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Truist Financial cut their price target on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Roth Capital began coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price target for the company. KeyCorp cut their price target 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. Finally, Rosenblatt Securities reissued a "buy" rating and issued a $445.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Two investment 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. Based on data from MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and an average target price of $416.79.

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.