Quantessence Capital LLC Takes $685,000 Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Quantessence Capital LLC bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,055 shares of the technology company's stock, valued at approximately $685,000.

Other large investors also recently made changes to their positions in the company. Norges Bank bought a new position in CyberArk Software in the 4th quarter valued at about $203,375,000. Nepsis Inc. boosted its holdings in shares of CyberArk Software by 882.4% in the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock valued at $187,339,000 after acquiring an additional 505,088 shares in the last quarter. Jennison Associates LLC increased its stake in shares of CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after acquiring an additional 391,900 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock worth $170,614,000 after purchasing an additional 336,462 shares in the last quarter. Finally, Alliancebernstein L.P. lifted its position in CyberArk Software by 144.8% in the fourth quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock worth $81,786,000 after purchasing an additional 145,221 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial dropped their price objective on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Piper Sandler lifted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. StockNews.com downgraded shares of CyberArk Software from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Wells Fargo & Company raised their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Roth Capital began coverage on shares of CyberArk Software in a report on Wednesday. They issued a "buy" rating and a $415.00 target price on the stock. Two analysts have rated the stock with a hold rating, twenty-five have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $415.18.

CyberArk Software Price Performance

CYBR traded up $4.06 on Friday, reaching $349.29. 347,600 shares of the company traded hands, compared to its average volume of 536,719. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The company has a market cap of $17.26 billion, a price-to-earnings ratio of -179.12 and a beta of 1.00. The stock's 50 day moving average price is $343.93 and its 200-day moving average price is $334.16.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) 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 research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share 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.