Magnetar Financial LLC bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 819 shares of the technology company's stock, valued at approximately $273,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Coldstream Capital Management Inc. increased its stake in shares of CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock worth $359,000 after purchasing an additional 42 shares during the period. Montag A & Associates Inc. grew its position in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares in the last quarter. Venturi Wealth Management LLC increased its position in shares of CyberArk Software by 6.9% during the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company's stock valued at $268,000 after purchasing an additional 52 shares during the period. Daiwa Securities Group Inc. raised its stake in shares of CyberArk Software by 1.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company's stock valued at $1,275,000 after purchasing an additional 53 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in CyberArk Software by 12.7% in the 4th quarter. IFP Advisors Inc now owns 487 shares of the technology company's stock valued at $162,000 after buying an additional 55 shares during the period. Institutional investors and hedge funds own 91.84% of the company's stock.
CyberArk Software Stock Performance
CYBR traded down $7.21 during midday trading on Thursday, reaching $341.21. 264,593 shares of the company were exchanged, compared to its average volume of 494,027. The stock has a market capitalization of $16.86 billion, a P/E ratio of -174.98 and a beta of 1.06. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00. The stock's 50-day simple moving average is $364.78 and its 200 day simple moving average is $325.14.
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 negative net margin of 9.34% and a positive return on equity of 0.45%. On average, research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts have recently weighed in on CYBR shares. Morgan Stanley assumed coverage on shares of CyberArk Software in a research report on Tuesday, March 18th. They set an "equal weight" rating on the stock. Guggenheim reissued a "buy" rating and issued a $455.00 target price on shares of CyberArk Software in a report on Tuesday, February 25th. Robert W. Baird upped their price target on CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a research report on Tuesday, February 25th. DA Davidson restated a "buy" rating and issued a $475.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Royal Bank of Canada increased their target price on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a research report on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of "Moderate Buy" and an average price target of $418.15.
Check Out Our Latest Research Report on CyberArk Software
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.
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