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

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

Other institutional investors have also added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp bought a new stake in CyberArk Software in the 4th quarter worth about $764,000. China Universal Asset Management Co. Ltd. purchased a new position in CyberArk Software in the fourth quarter valued at about $1,166,000. Spire Wealth Management boosted its stake in CyberArk Software by 236.8% in the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company's stock valued at $1,584,000 after acquiring an additional 3,344 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in CyberArk Software by 9.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company's stock valued at $3,857,000 after acquiring an additional 1,024 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its stake in CyberArk Software by 27.7% in the fourth quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company's stock valued at $1,363,000 after acquiring an additional 887 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CYBR shares. Piper Sandler boosted their target price 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. Oppenheimer boosted their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Wells Fargo & Company boosted their target price on shares of CyberArk Software from $425.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Rosenblatt Securities restated a "buy" rating and set a $445.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Robert W. Baird upped their price target on shares of CyberArk Software from $450.00 to $460.00 and gave the company an "outperform" rating in a research note on Wednesday, May 14th. Two 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's stock. According to MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and an average price target of $415.71.

CyberArk Software Trading Up 1.7%

Shares of CyberArk Software stock traded up $5.97 on Tuesday, hitting $355.26. 746,445 shares of the company traded hands, compared to its average volume of 541,688. The firm's 50-day simple moving average is $343.37 and its 200 day simple moving average is $341.86. The company has a market cap of $17.56 billion, a P/E ratio of -182.18 and a beta of 0.99. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00.

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