Yorktown Management & Research Co Inc boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 30.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,050 shares of the technology company's stock after purchasing an additional 950 shares during the quarter. CyberArk Software comprises approximately 1.5% of Yorktown Management & Research Co Inc's holdings, making the stock its 3rd largest holding. Yorktown Management & Research Co Inc's holdings in CyberArk Software were worth $1,369,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rhumbline Advisers boosted its position in shares of CyberArk Software by 3.4% during the 4th quarter. Rhumbline Advisers now owns 15,130 shares of the technology company's stock valued at $5,041,000 after acquiring an additional 499 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in CyberArk Software during the fourth quarter valued at $225,000. Atria Wealth Solutions Inc. lifted its position in CyberArk Software by 34.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,481 shares of the technology company's stock valued at $827,000 after purchasing an additional 641 shares during the last quarter. Transcend Capital Advisors LLC lifted its position in CyberArk Software by 14.8% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,192 shares of the technology company's stock valued at $397,000 after purchasing an additional 154 shares during the last quarter. Finally, Sigma Planning Corp purchased a new position in shares of CyberArk Software in the 4th quarter worth $222,000. Institutional investors own 91.84% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently commented on the company. Guggenheim reiterated a "buy" rating and issued a $455.00 price target on shares of CyberArk Software in a research report on Tuesday, February 25th. Robert W. Baird lifted their target price on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th. Truist Financial lowered their price target on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Morgan Stanley reaffirmed an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, DA Davidson boosted their price objective on shares of CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $416.79.
Get Our Latest Research Report on CyberArk Software
CyberArk Software Stock Performance
CyberArk Software stock traded up $2.31 during midday trading on Wednesday, hitting $399.44. 586,245 shares of the company's stock were exchanged, compared to its average volume of 559,512. The company has a market cap of $19.74 billion, a PE ratio of -214.75 and a beta of 0.99. The firm has a 50-day moving average of $368.25 and a two-hundred day moving average of $355.43. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $421.00.
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, beating analysts' consensus estimates of $0.79 by $0.19. The firm 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%. The company's quarterly revenue was up 43.3% on a year-over-year basis. During the same period last year, the firm earned $0.75 earnings per share. As a group, equities analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
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.
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