Quadrature Capital Ltd Buys New Shares in CyberArk Software Ltd. (NASDAQ:CYBR)

Quadrature Capital Ltd purchased a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 3,778 shares of the technology company's stock, valued at approximately $1,102,000.

Other large investors have also recently made changes to their positions in the company. Ensign Peak Advisors Inc bought a new stake in CyberArk Software in the second quarter valued at approximately $711,000. Sycomore Asset Management grew its holdings in CyberArk Software by 36.6% in the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company's stock worth $15,973,000 after acquiring an additional 16,294 shares during the last quarter. Cetera Investment Advisers increased its position in shares of CyberArk Software by 527.2% in the first quarter. Cetera Investment Advisers now owns 11,452 shares of the technology company's stock valued at $3,042,000 after acquiring an additional 9,626 shares during the period. Jennison Associates LLC boosted its holdings in shares of CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock worth $353,386,000 after purchasing an additional 9,570 shares during the period. Finally, International Assets Investment Management LLC purchased a new stake in shares of CyberArk Software during the third quarter worth about $82,485,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Stifel Nicolaus upped their price target on CyberArk Software from $306.00 to $335.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Susquehanna upped their target price on CyberArk Software from $320.00 to $345.00 and gave the company a "positive" rating in a report on Thursday, November 14th. Mizuho lifted their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company an "outperform" rating in a report on Thursday, October 17th. BTIG Research upped their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a "buy" rating in a report on Wednesday, October 9th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $350.00 target price (up from $300.00) on shares of CyberArk Software in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat.com, CyberArk Software currently has a consensus rating of "Moderate Buy" and a consensus price target of $328.37.

CyberArk Software Stock Performance

Shares of CYBR stock traded down $4.35 during trading hours on Friday, reaching $323.22. The company had a trading volume of 834,311 shares, compared to its average volume of 518,996. The firm has a market cap of $14.08 billion, a PE ratio of 1,197.11 and a beta of 1.13. The business has a fifty day moving average price of $299.12 and a 200-day moving average price of $276.01. CyberArk Software Ltd. has a one year low of $198.01 and a one year high of $333.32.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts' consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analyst estimates 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 period in the previous year, the business earned ($0.31) EPS. Equities research analysts forecast that CyberArk Software Ltd. will post -0.58 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.