Shay Capital LLC Makes New $267,000 Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Shay Capital LLC acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 800 shares of the technology company's stock, valued at approximately $267,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Seven Grand Managers LLC acquired a new stake in shares of CyberArk Software during the 4th quarter valued at approximately $16,658,000. Raiffeisen Bank International AG bought a new stake in CyberArk Software during the fourth quarter valued at $13,057,000. Quantinno Capital Management LP raised its holdings in shares of CyberArk Software by 5.3% during the fourth quarter. Quantinno Capital Management LP now owns 1,636 shares of the technology company's stock worth $545,000 after purchasing an additional 83 shares during the period. Man Group plc lifted its position in shares of CyberArk Software by 17.9% in the 4th quarter. Man Group plc now owns 20,735 shares of the technology company's stock worth $6,908,000 after buying an additional 3,142 shares during the last quarter. Finally, Nuveen Asset Management LLC boosted its holdings in shares of CyberArk Software by 6.3% in the 4th quarter. Nuveen Asset Management LLC now owns 123,051 shares of the technology company's stock valued at $40,994,000 after buying an additional 7,325 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CYBR has been the topic of several research reports. Piper Sandler increased their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a research note on Thursday, February 6th. Morgan Stanley reissued an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Cantor Fitzgerald reissued an "overweight" rating and set a $400.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Roth Capital began coverage on shares of CyberArk Software in a report on Tuesday, May 13th. They issued a "buy" rating and a $415.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research note on Tuesday, February 11th. Two equities research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, CyberArk Software has an average rating of "Moderate Buy" and a consensus target price of $415.71.

CyberArk Software Price Performance

NASDAQ CYBR traded up $16.20 on Thursday, hitting $370.27. 525,496 shares of the stock were exchanged, compared to its average volume of 654,814. The company's 50-day moving average price is $344.32 and its two-hundred day moving average price is $342.04. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The company has a market capitalization of $18.30 billion, a price-to-earnings ratio of -189.79 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to analysts' expectations of $305.57 million. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. CyberArk Software's revenue was up 43.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.75 earnings per share. Equities analysts predict that CyberArk Software Ltd. will post -0.47 EPS 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.