World Investment Advisors acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,750 shares of the technology company's stock, valued at approximately $583,000.
A number of other hedge funds have also recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software in the 4th quarter valued at $25,000. TD Private Client Wealth LLC increased its holdings in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares during the last quarter. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software in the fourth quarter worth about $39,000. Graney & King LLC purchased a new stake in shares of CyberArk Software in the fourth quarter worth about $43,000. Finally, Montag A & Associates Inc. grew its holdings in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after buying an additional 42 shares in the last quarter. Institutional investors own 91.84% of the company's stock.
CyberArk Software Stock Performance
CYBR traded up $7.22 during trading on Friday, hitting $349.44. The stock had a trading volume of 769,648 shares, compared to its average volume of 527,493. The stock has a 50 day simple moving average of $356.48 and a two-hundred day simple moving average of $330.68. The company has a market capitalization of $17.27 billion, a PE ratio of -179.20 and a beta of 1.00. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data 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, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current year.
Wall Street Analyst Weigh In
CYBR has been the topic of several recent research reports. Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a report on Wednesday, February 26th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $415.00 price target on shares of CyberArk Software in a research note on Monday, January 27th. Citigroup lifted their price objective on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a research note on Monday, March 3rd. JPMorgan Chase & Co. upped their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a research report on Tuesday, February 11th. Finally, Truist Financial dropped their price target on 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 issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus target price of $418.39.
View Our Latest Stock Report on CyberArk Software
About CyberArk Software
(
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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