Silverleafe Capital Partners LLC Buys Shares of 2,398 CyberArk Software Ltd. (NASDAQ:CYBR)

Silverleafe Capital Partners LLC acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,398 shares of the technology company's stock, valued at approximately $799,000.

Other hedge funds have also added to or reduced their stakes in the company. Ensign Peak Advisors Inc purchased a new position in shares of CyberArk Software in the 2nd quarter worth about $711,000. HighTower Advisors LLC raised its holdings in CyberArk Software by 16.6% in the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock worth $4,212,000 after buying an additional 2,062 shares during the last quarter. Sycomore Asset Management lifted its stake in shares of CyberArk Software by 36.6% in the second quarter. Sycomore Asset Management now owns 60,781 shares of the technology company's stock worth $15,973,000 after buying an additional 16,294 shares in the last quarter. Groupama Asset Managment grew its holdings in shares of CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock valued at $304,000 after buying an additional 5,402 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in shares of CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock valued at $353,386,000 after buying an additional 9,570 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently issued reports on CYBR shares. JMP Securities upped their price objective on CyberArk Software from $310.00 to $360.00 and gave the company a "market outperform" rating in a research report on Thursday, November 14th. Morgan Stanley reaffirmed an "equal weight" rating and set a $316.00 price objective on shares of CyberArk Software in a research report on Tuesday, December 31st. JPMorgan Chase & Co. boosted their target price on CyberArk Software from $355.00 to $375.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Truist Financial reaffirmed a "buy" rating and set a $350.00 price target (up previously from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. Finally, KeyCorp boosted their price objective on shares of CyberArk Software from $340.00 to $355.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $346.52.

CyberArk Software Stock Up 1.9 %

NASDAQ:CYBR traded up $6.45 during mid-day trading on Monday, hitting $345.92. 429,024 shares of the stock traded hands, compared to its average volume of 522,141. The stock has a market capitalization of $15.07 billion, a price-to-earnings ratio of 1,281.23 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $213.05 and a 52 week high of $348.24. The firm's 50 day moving average is $313.09 and its two-hundred day moving average is $288.05.

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

CyberArk Software 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.