HighTower Advisors LLC Increases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

HighTower Advisors LLC increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 16.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,478 shares of the technology company's stock after purchasing an additional 2,062 shares during the period. HighTower Advisors LLC's holdings in CyberArk Software were worth $4,212,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Greenleaf Trust boosted its stake in CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company's stock worth $533,000 after purchasing an additional 45 shares during the last quarter. Signaturefd LLC boosted its position in CyberArk Software by 4.2% during the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company's stock worth $352,000 after acquiring an additional 49 shares during the last quarter. Austin Private Wealth LLC grew its stake in CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company's stock valued at $238,000 after acquiring an additional 52 shares in the last quarter. Arcadia Investment Management Corp MI raised its holdings in CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock valued at $50,000 after acquiring an additional 54 shares during the last quarter. Finally, Juncture Wealth Strategies LLC lifted its stake in CyberArk Software by 2.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company's stock worth $825,000 after purchasing an additional 57 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded down $2.46 during trading on Thursday, hitting $321.54. The company's stock had a trading volume of 297,996 shares, compared to its average volume of 518,273. CyberArk Software Ltd. has a fifty-two week low of $198.01 and a fifty-two week high of $333.32. The business has a 50 day moving average price of $302.18 and a two-hundred day moving average price of $277.92. The company has a market capitalization of $14.01 billion, a PE ratio of 1,190.89 and a beta of 1.13.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CYBR shares. 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 report on Wednesday, October 9th. Piper Sandler upped their target price on CyberArk Software from $300.00 to $345.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. Robert W. Baird lifted their price target on CyberArk Software from $315.00 to $355.00 and gave the stock an "outperform" rating in a report on Thursday, October 24th. Royal Bank of Canada boosted their price target on shares of CyberArk Software from $328.00 to $358.00 and gave the company an "outperform" rating in a research report on Thursday, November 14th. Finally, Scotiabank assumed coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a "sector outperform" rating and a $340.00 price objective for the company. One equities research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of "Moderate Buy" and an average price target of $331.46.

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.