Sassicaia Capital Advisers LLC Invests $333,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Sassicaia Capital Advisers LLC purchased a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,000 shares of the technology company's stock, valued at approximately $333,000. CyberArk Software makes up approximately 8.0% of Sassicaia Capital Advisers LLC's holdings, making the stock its 3rd biggest holding.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC lifted its stake in CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after purchasing an additional 391,900 shares in the last quarter. First Trust Advisors LP lifted its stake in CyberArk Software by 2.3% in the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after purchasing an additional 20,832 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in CyberArk Software by 8.4% in the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock worth $292,651,000 after purchasing an additional 68,359 shares in the last quarter. Norges Bank purchased a new stake in CyberArk Software in the 4th quarter worth approximately $203,375,000. Finally, Nepsis Inc. raised its position in shares of CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock valued at $187,339,000 after buying an additional 505,088 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several research reports. StockNews.com cut shares of CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Scotiabank increased their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. Citigroup increased their target price on shares of CyberArk Software from $410.00 to $450.00 and gave the company a "buy" rating in a report on Monday, March 3rd. Piper Sandler raised their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Finally, Stifel Nicolaus raised their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $415.18.

CyberArk Software Trading Down 0.1 %

CYBR traded down $0.51 during trading on Wednesday, hitting $352.16. 303,298 shares of the company's stock traded hands, compared to its average volume of 639,879. The company's 50 day simple moving average is $341.72 and its two-hundred day simple moving average is $334.92. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The stock has a market capitalization of $17.41 billion, a price-to-earnings ratio of -180.59 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its 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%. On average, equities analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

About CyberArk Software

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.