Seven Grand Managers LLC Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Seven Grand Managers LLC bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 50,000 shares of the technology company's stock, valued at approximately $16,658,000. CyberArk Software makes up 7.6% of Seven Grand Managers LLC's holdings, making the stock its 2nd largest position. Seven Grand Managers LLC owned 0.11% of CyberArk Software at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software in the 4th quarter worth approximately $25,000. TD Private Client Wealth LLC lifted its position in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after purchasing an additional 34 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of CyberArk Software in the 4th quarter worth $39,000. Graney & King LLC purchased a new stake in shares of CyberArk Software during the 4th quarter valued at about $43,000. Finally, Montag A & Associates Inc. grew its position in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after acquiring an additional 42 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the company. Rosenblatt Securities reissued a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a research report on Tuesday. Needham & Company LLC reaffirmed a "buy" rating and set a $480.00 target price on shares of CyberArk Software in a research note on Thursday, March 20th. Piper Sandler boosted their price objective on CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. DA Davidson boosted their target price on shares of CyberArk Software from $415.00 to $435.00 and gave the company a "buy" rating in a research note on Tuesday. Finally, Truist Financial lowered their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Moderate Buy" and a consensus target price of $415.71.

CyberArk Software Stock Up 0.1%

NASDAQ CYBR opened at $355.05 on Friday. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The company has a 50 day moving average price of $342.67 and a 200 day moving average price of $340.02. The firm has a market cap of $17.55 billion, a PE ratio of -182.08 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities research analysts anticipate 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.

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