Capital Market Strategies LLC Invests $827,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Capital Market Strategies LLC acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,481 shares of the technology company's stock, valued at approximately $827,000.

Several other institutional investors have also bought and sold shares of the stock. CIBC Asset Management Inc boosted its position in CyberArk Software by 6.4% in the second quarter. CIBC Asset Management Inc now owns 3,814 shares of the technology company's stock valued at $1,043,000 after buying an additional 228 shares in the last quarter. TD Asset Management Inc increased its holdings in CyberArk Software by 3.9% during the 2nd quarter. TD Asset Management Inc now owns 14,466 shares of the technology company's stock valued at $3,955,000 after purchasing an additional 541 shares in the last quarter. Private Advisor Group LLC raised its position in CyberArk Software by 27.2% in the 2nd quarter. Private Advisor Group LLC now owns 6,112 shares of the technology company's stock valued at $1,670,000 after purchasing an additional 1,307 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new position in CyberArk Software in the second quarter worth $129,000. Finally, Chicago Capital LLC grew its holdings in shares of CyberArk Software by 25.1% during the second quarter. Chicago Capital LLC now owns 3,550 shares of the technology company's stock worth $971,000 after purchasing an additional 712 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CYBR. Barclays upped their price target on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. UBS Group increased their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Truist Financial restated a "buy" rating and issued a $350.00 price objective (up previously from $300.00) on shares of CyberArk Software in a research report on Thursday, November 14th. DA Davidson lifted their target price on CyberArk Software from $360.00 to $390.00 and gave the company a "buy" rating in a research note on Friday. Finally, BTIG Research upped their price target on CyberArk Software from $310.00 to $325.00 and gave the company a "buy" rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $346.52.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $6.45 during trading hours on Monday, hitting $345.92. The company's stock had a trading volume of 429,024 shares, compared to its average volume of 522,141. CyberArk Software Ltd. has a 12 month low of $213.05 and a 12 month high of $348.24. The company has a market capitalization of $15.07 billion, a PE ratio of 1,281.23 and a beta of 1.13. The stock has a 50 day moving average of $313.09 and a 200 day moving average of $288.05.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million during the quarter, compared to analysts' expectations of $234.10 million. During the same period in the prior year, the business earned ($0.31) EPS. CyberArk Software's revenue for the quarter was up 25.6% compared to the same quarter last year. Equities analysts expect 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.