19,521 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Acquired by Cinctive Capital Management LP

Cinctive Capital Management LP purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 19,521 shares of the technology company's stock, valued at approximately $6,503,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Norges Bank bought a new position in CyberArk Software during the fourth quarter valued at about $203,375,000. Nepsis Inc. boosted its stake in CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after buying an additional 505,088 shares in the last quarter. Jennison Associates LLC increased its holdings in CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock valued at $534,287,000 after buying an additional 391,900 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of CyberArk Software by 195.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock worth $170,614,000 after acquiring an additional 336,462 shares during the period. Finally, Alliancebernstein L.P. increased its stake in CyberArk Software by 144.8% in the fourth quarter. Alliancebernstein L.P. now owns 245,492 shares of the technology company's stock valued at $81,786,000 after acquiring an additional 145,221 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CYBR shares. Wells Fargo & Company lifted their price objective on CyberArk Software from $425.00 to $500.00 and gave the company an "overweight" rating in a report on Friday, February 14th. 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. Rosenblatt Securities reiterated a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Oppenheimer boosted their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a research note on Wednesday, February 5th. Finally, JMP Securities increased their target price on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $418.04.

CyberArk Software Trading Down 1.6 %

Shares of NASDAQ:CYBR traded down $4.88 during mid-day trading on Monday, reaching $301.58. The stock had a trading volume of 359,229 shares, compared to its average volume of 512,912. The firm has a 50 day simple moving average of $361.79 and a two-hundred day simple moving average of $328.83. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The firm has a market cap of $14.91 billion, a PE ratio of -154.69 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

CyberArk Software Company Profile

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.