Cerity Partners LLC lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 5.0% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 52,745 shares of the technology company's stock after acquiring an additional 2,507 shares during the quarter. Cerity Partners LLC owned 0.12% of CyberArk Software worth $15,381,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other large investors have also recently made changes to their positions in CYBR. Mather Group LLC. bought a new stake in CyberArk Software during the second quarter valued at approximately $27,000. ORG Partners LLC bought a new stake in CyberArk Software during the second quarter valued at approximately $33,000. 1620 Investment Advisors Inc. bought a new stake in CyberArk Software during the second quarter valued at approximately $39,000. Assetmark Inc. lifted its holdings in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after buying an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI lifted its holdings in shares of CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock worth $50,000 after buying an additional 54 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of research firms recently issued reports on CYBR. KeyCorp upped their price target on shares of CyberArk Software from $340.00 to $355.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Mizuho lifted their price target on CyberArk Software from $310.00 to $325.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Cantor Fitzgerald reiterated an "overweight" rating and set a $335.00 price objective on shares of CyberArk Software in a research report on Thursday, November 14th. Scotiabank started coverage on CyberArk Software in a research report on Monday, October 21st. They set a "sector outperform" rating and a $340.00 price objective on the stock. Finally, Susquehanna lifted their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, CyberArk Software has an average rating of "Moderate Buy" and a consensus price target of $328.37.
Get Our Latest Report on CyberArk Software
CyberArk Software Stock Up 0.1 %
NASDAQ CYBR traded up $0.22 on Tuesday, hitting $324.59. The stock had a trading volume of 125,798 shares, compared to its average volume of 522,238. CyberArk Software Ltd. has a one year low of $191.56 and a one year high of $332.05. The stock has a market cap of $14.14 billion, a price-to-earnings ratio of 1,205.37 and a beta of 1.13. The company's 50-day moving average is $291.19 and its two-hundred day moving average is $271.08.
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 (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analysts' expectations of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business's revenue was up 25.6% on a year-over-year basis. During the same period last year, the firm posted ($0.31) earnings per share. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.62 earnings per share for the current year.
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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