CHURCHILL MANAGEMENT Corp Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

CHURCHILL MANAGEMENT Corp purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 2,293 shares of the technology company's stock, valued at approximately $764,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software in the fourth quarter valued at about $25,000. Park Avenue Securities LLC raised its holdings in shares of CyberArk Software by 27.7% during the 4th quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company's stock valued at $1,363,000 after buying an additional 887 shares during the period. Assenagon Asset Management S.A. raised its holdings in shares of CyberArk Software by 749.3% during the 4th quarter. Assenagon Asset Management S.A. now owns 20,068 shares of the technology company's stock valued at $6,686,000 after buying an additional 17,705 shares during the period. Kieckhefer Group LLC acquired a new position in CyberArk Software during the 4th quarter worth approximately $67,000. Finally, Brookstone Capital Management purchased a new position in CyberArk Software in the 4th quarter worth approximately $202,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CYBR shares. Scotiabank began coverage on shares of CyberArk Software in a research note on Monday, October 21st. They set a "sector outperform" rating and a $340.00 price objective on the stock. Piper Sandler boosted their price objective on shares of CyberArk Software from $345.00 to $380.00 and gave the stock an "overweight" rating in a report on Monday, January 6th. Oppenheimer upped their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. Jefferies Financial Group lifted their target price on CyberArk Software from $315.00 to $330.00 and gave the stock a "buy" rating in a research report on Tuesday, September 24th. Finally, Truist Financial reissued a "buy" rating and issued a $350.00 price target (up previously from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $353.93.

CyberArk Software Stock Down 0.9 %

CYBR stock traded down $3.29 during trading on Friday, reaching $352.22. 534,277 shares of the company's stock were exchanged, compared to its average volume of 507,398. CyberArk Software Ltd. has a 1-year low of $223.09 and a 1-year high of $363.00. The firm has a market cap of $15.35 billion, a PE ratio of 1,304.57 and a beta of 1.13. The company's fifty day moving average price is $324.09 and its 200-day moving average price is $292.75.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company's quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.31) earnings per share. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal 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.