Stratos Wealth Partners LTD. bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 653 shares of the technology company's stock, valued at approximately $218,000.
Several other institutional investors also recently bought and sold shares of the stock. Brown Lisle Cummings Inc. bought a new position in CyberArk Software during the fourth quarter valued at $50,000. Alliance Wealth Advisors LLC UT lifted its position in CyberArk Software by 6.9% during the fourth quarter. Alliance Wealth Advisors LLC UT now owns 4,181 shares of the technology company's stock valued at $1,393,000 after purchasing an additional 270 shares during the last quarter. Jennison Associates LLC lifted its position in CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after purchasing an additional 391,900 shares during the last quarter. Resonant Capital Advisors LLC bought a new position in CyberArk Software during the fourth quarter valued at $228,000. Finally, JB Capital LLC lifted its position in CyberArk Software by 6.2% during the fourth quarter. JB Capital LLC now owns 6,497 shares of the technology company's stock valued at $2,164,000 after purchasing an additional 380 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.
CyberArk Software Price Performance
NASDAQ CYBR traded down $0.67 during trading on Tuesday, reaching $412.64. 346,993 shares of the company's stock traded hands, compared to its average volume of 555,941. The company's 50 day simple moving average is $349.78 and its two-hundred day simple moving average is $309.64. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $421.00. The firm has a market cap of $17.98 billion, a price-to-earnings ratio of 1,528.36 and a beta of 1.15.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings data 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 return on equity of 2.29% and a net margin of 1.38%. Research analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities analysts have commented on the stock. Robert W. Baird increased their price objective on shares of CyberArk Software from $355.00 to $370.00 and gave the company an "outperform" rating in a research report on Tuesday, December 17th. Cantor Fitzgerald reiterated an "overweight" rating and set a $415.00 price objective on shares of CyberArk Software in a research report on Monday, January 27th. Rosenblatt Securities raised their target price on shares of CyberArk Software from $415.00 to $445.00 and gave the stock a "buy" rating in a report on Friday. Morgan Stanley raised their target price on shares of CyberArk Software from $316.00 to $390.00 and gave the stock an "equal weight" rating in a report on Friday. Finally, Piper Sandler raised their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a report on Thursday, February 6th. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $401.67.
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About CyberArk Software
(
Free Report)
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.
Further Reading
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