CyberArk Software Ltd. (NASDAQ:CYBR) Shares Bought by Focus Partners Wealth

Focus Partners Wealth lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 40.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,016 shares of the technology company's stock after purchasing an additional 14,486 shares during the period. Focus Partners Wealth owned about 0.11% of CyberArk Software worth $16,696,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software in the 4th quarter worth approximately $25,000. TD Private Client Wealth LLC boosted its holdings in shares of CyberArk Software by 79.1% during the fourth 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 last quarter. Plato Investment Management Ltd purchased a new stake in shares of CyberArk Software in the fourth quarter valued at $39,000. Graney & King LLC acquired a new position in CyberArk Software in the fourth quarter valued at $43,000. Finally, Montag A & Associates Inc. lifted its position in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 0.1%

CYBR stock traded up $0.29 during trading on Thursday, hitting $355.05. The company had a trading volume of 861,950 shares, compared to its average volume of 541,878. The business has a 50 day moving average of $341.83 and a 200 day moving average of $339.56. The firm has a market capitalization of $17.55 billion, a price-to-earnings ratio of -182.08 and a beta of 0.99. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have commented on CYBR shares. Robert W. Baird lifted their price target on CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a report on Wednesday. Stephens started coverage on shares of CyberArk Software in a research note on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price target on the stock. Piper Sandler boosted their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Guggenheim reaffirmed a "buy" rating and issued a $455.00 target price on shares of CyberArk Software in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group boosted their price target on CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Moderate Buy" and an average price target of $415.71.

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.