Oddo BHF Asset Management Sas Acquires Shares of 3,893 CyberArk Software Ltd. (NASDAQ:CYBR)

Oddo BHF Asset Management Sas bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 3,893 shares of the technology company's stock, valued at approximately $1,135,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Wealth Enhancement Advisory Services LLC boosted its holdings in CyberArk Software by 11.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 2,202 shares of the technology company's stock valued at $602,000 after purchasing an additional 223 shares in the last quarter. ORG Partners LLC acquired a new position in CyberArk Software during the second quarter worth $33,000. Assenagon Asset Management S.A. raised its position in CyberArk Software by 13.1% in the second quarter. Assenagon Asset Management S.A. now owns 1,682 shares of the technology company's stock worth $460,000 after acquiring an additional 195 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in CyberArk Software by 35.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,920 shares of the technology company's stock valued at $1,619,000 after acquiring an additional 1,553 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of CyberArk Software during the 2nd quarter worth $39,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on CYBR shares. Wedbush increased their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the company an "outperform" rating in a report on Tuesday, October 1st. Scotiabank began 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 target for the company. UBS Group upped their price target on CyberArk Software from $340.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Truist Financial reaffirmed a "buy" rating and set a $350.00 price objective (up from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. Finally, Mizuho lifted their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an "outperform" rating in a research report on Friday. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $333.00.

CyberArk Software Trading Down 2.5 %

NASDAQ:CYBR traded down $8.18 during mid-day trading on Friday, hitting $313.36. The company had a trading volume of 385,814 shares, compared to its average volume of 517,724. CyberArk Software Ltd. has a 1 year low of $198.01 and a 1 year high of $333.32. The business has a fifty day simple moving average of $302.84 and a 200-day simple moving average of $278.70. The firm has a market capitalization of $13.65 billion, a price-to-earnings ratio of 1,160.64 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The business 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%. The company's revenue was up 25.6% on a year-over-year basis. During the same period last year, the business posted ($0.31) EPS. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

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.