Hood River Capital Management LLC Buys 1,050 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Hood River Capital Management LLC raised its position in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 252,975 shares of the technology company's stock after purchasing an additional 1,050 shares during the period. CyberArk Software makes up about 1.2% of Hood River Capital Management LLC's investment portfolio, making the stock its 25th biggest holding. Hood River Capital Management LLC owned about 0.58% of CyberArk Software worth $84,279,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Dark Forest Capital Management LP acquired a new position in shares of CyberArk Software in the fourth quarter valued at $225,000. Quantessence Capital LLC bought a new position in shares of CyberArk Software during the 4th quarter worth approximately $685,000. Hsbc Holdings PLC increased its stake in CyberArk Software by 15.3% during the 4th quarter. Hsbc Holdings PLC now owns 13,252 shares of the technology company's stock valued at $4,412,000 after purchasing an additional 1,761 shares in the last quarter. Stifel Financial Corp raised its position in CyberArk Software by 18.5% in the 4th quarter. Stifel Financial Corp now owns 65,769 shares of the technology company's stock valued at $21,911,000 after buying an additional 10,262 shares during the last quarter. Finally, Tower Research Capital LLC TRC bought a new stake in shares of CyberArk Software during the 4th quarter worth $152,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CYBR. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $420.00 price target on shares of CyberArk Software in a report on Friday, April 11th. Morgan Stanley dropped their price target on shares of CyberArk Software from $390.00 to $380.00 and set an "equal weight" rating on the stock in a research note on Wednesday, April 16th. Stephens initiated coverage on CyberArk Software in a report on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price objective for the company. Citigroup increased their price target on CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. Finally, Truist Financial lowered their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and an average price target of $412.14.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $321.69 on Wednesday. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The stock has a market capitalization of $15.90 billion, a P/E ratio of -164.97 and a beta of 1.00. The company has a 50 day moving average price of $348.09 and a 200 day moving average price of $332.90.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted 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, research analysts forecast 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.

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