Zweig DiMenna Associates LLC increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR - Free Report) by 119.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,700 shares of the technology company's stock after buying an additional 22,165 shares during the quarter. CyberArk Software comprises approximately 1.0% of Zweig DiMenna Associates LLC's portfolio, making the stock its 28th largest position. Zweig DiMenna Associates LLC owned about 0.09% of CyberArk Software worth $13,559,000 at the end of the most recent quarter.
Several other institutional investors have also recently made changes to their positions in CYBR. Dimensional Fund Advisors LP raised its position in CyberArk Software by 506.7% in the second quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company's stock valued at $1,795,000 after purchasing an additional 5,483 shares during the period. Ensign Peak Advisors Inc purchased a new stake in CyberArk Software in the second quarter valued at approximately $711,000. Public Sector Pension Investment Board raised its position in CyberArk Software by 7.4% in the second quarter. Public Sector Pension Investment Board now owns 17,794 shares of the technology company's stock valued at $4,865,000 after purchasing an additional 1,232 shares during the period. Point72 Asset Management L.P. raised its position in CyberArk Software by 89.2% in the second quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company's stock valued at $45,745,000 after purchasing an additional 78,887 shares during the period. Finally, Toronto Dominion Bank purchased a new stake in CyberArk Software in the second quarter valued at approximately $164,000. Hedge funds and other institutional investors own 91.84% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on CYBR shares. Piper Sandler upped their price objective on CyberArk Software from $345.00 to $380.00 and gave the stock an "overweight" rating in a research report on Monday, January 6th. BTIG Research upped their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock a "buy" rating in a research report on Wednesday, October 9th. KeyCorp upped their price objective on CyberArk Software from $355.00 to $400.00 and gave the stock an "overweight" rating in a research report on Tuesday. Wedbush boosted their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 1st. Finally, Truist Financial reiterated a "buy" rating and set a $350.00 target price (up previously from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus target price of $358.74.
Get Our Latest Stock Analysis on CyberArk Software
CyberArk Software Price Performance
CyberArk Software stock traded up $0.79 during mid-day trading on Friday, reaching $359.72. The company had a trading volume of 367,168 shares, compared to its average volume of 488,177. CyberArk Software Ltd. has a 1 year low of $223.09 and a 1 year high of $366.48. The company has a market capitalization of $15.67 billion, a P/E ratio of 1,332.35 and a beta of 1.13. The stock's 50-day simple moving average is $327.68 and its 200-day simple moving average is $294.66.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results 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 net margin of 1.38% and a return on equity of 2.29%. The company had revenue of $240.10 million during the quarter, compared to analysts' expectations of $234.10 million. During the same period last year, the company posted ($0.31) earnings per share. The firm's quarterly revenue was up 25.6% compared to the same quarter last year. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.
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.
Further Reading
Before you consider CyberArk Software, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and CyberArk Software wasn't on the list.
While CyberArk Software currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
