Oak Ridge Investments LLC bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,756 shares of the technology company's stock, valued at approximately $5,249,000.
Other large investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CyberArk Software during the fourth quarter valued at approximately $25,000. Assetmark Inc. raised 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 acquiring an additional 123 shares in the last quarter. Transcendent Capital Group LLC bought a new position in CyberArk Software during the third quarter worth $51,000. Kieckhefer Group LLC acquired a new position in CyberArk Software in the fourth quarter worth $67,000. Finally, Future Financial Wealth Managment LLC bought a new stake in CyberArk Software during the third quarter valued at $87,000. Institutional investors own 91.84% of the company's stock.
Analyst Upgrades and Downgrades
A number of research firms have recently issued reports on CYBR. Wedbush raised their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 1st. KeyCorp raised their target price on shares of CyberArk Software from $340.00 to $355.00 and gave the stock an "overweight" rating in a report on Thursday, November 14th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $335.00 target price on shares of CyberArk Software in a report on Thursday, November 14th. BTIG Research increased their price target on CyberArk Software from $310.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company boosted their price objective on CyberArk Software from $350.00 to $410.00 and gave the company an "overweight" rating in a research report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $353.93.
Check Out Our Latest Analysis on CYBR
CyberArk Software Stock Performance
Shares of NASDAQ:CYBR traded down $3.29 during trading hours on Friday, hitting $352.22. 534,277 shares of the company's stock traded hands, compared to its average volume of 364,359. The company's fifty day simple moving average is $324.09 and its two-hundred day simple moving average is $293.06. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $363.00. The company has a market cap of $15.35 billion, a price-to-earnings ratio of 1,304.57 and a beta of 1.13.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the previous year, the business posted ($0.31) earnings per share. The firm's quarterly revenue was up 25.6% compared to the same quarter last year. On average, analysts anticipate that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.
CyberArk Software Profile
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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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