Continuum Advisory LLC Increases Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Continuum Advisory LLC increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 33.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 7,823 shares of the technology company's stock after buying an additional 1,950 shares during the period. Continuum Advisory LLC's holdings in CyberArk Software were worth $2,357,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of CYBR. Mather Group LLC. purchased a new stake in shares of CyberArk Software in the second quarter worth about $27,000. ORG Partners LLC purchased a new stake in CyberArk Software in the 2nd quarter worth approximately $33,000. 1620 Investment Advisors Inc. bought a new position in CyberArk Software in the 2nd quarter valued at $39,000. Assetmark Inc. grew its position in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI grew its position in shares of CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock valued at $50,000 after purchasing an additional 54 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CYBR has been the subject of several research analyst reports. KeyCorp lifted their price objective on CyberArk Software from $340.00 to $355.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Wells Fargo & Company raised their price target on CyberArk Software from $300.00 to $350.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Truist Financial reissued a "buy" rating and set a $350.00 price objective (up previously from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. Royal Bank of Canada upped their price objective on shares of CyberArk Software from $328.00 to $358.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. Finally, Oppenheimer lifted their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the company an "outperform" rating in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $328.37.

CyberArk Software Stock Down 1.0 %

Shares of CyberArk Software stock traded down $3.22 on Monday, hitting $320.00. The stock had a trading volume of 495,014 shares, compared to its average volume of 518,322. CyberArk Software Ltd. has a one year low of $198.01 and a one year high of $333.32. The stock's 50-day simple moving average is $299.12 and its two-hundred day simple moving average is $276.23. The stock has a market cap of $13.94 billion, a price-to-earnings ratio of 1,197.16 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million during the quarter, compared to analysts' expectations of $234.10 million. During the same quarter in the prior year, the company posted ($0.31) EPS. The firm's revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, equities analysts predict that CyberArk Software Ltd. will post -0.58 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.