Crestwood Advisors Group LLC Takes $230,000 Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Crestwood Advisors Group LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 1,050 shares of the technology company’s stock, valued at approximately $230,000.

Several other institutional investors and hedge funds have also modified their holdings of CYBR. HighTower Advisors LLC increased its stake in shares of CyberArk Software by 1.1% in the 3rd quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock valued at $894,000 after purchasing an additional 60 shares in the last quarter. Regal Investment Advisors LLC increased its stake in CyberArk Software by 1.6% during the 3rd quarter. Regal Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $641,000 after buying an additional 61 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in CyberArk Software by 2.3% during the 3rd quarter. PNC Financial Services Group Inc. now owns 2,772 shares of the technology company’s stock worth $454,000 after buying an additional 63 shares in the last quarter. Sheets Smith Wealth Management increased its stake in CyberArk Software by 2.5% during the 3rd quarter. Sheets Smith Wealth Management now owns 2,778 shares of the technology company’s stock worth $455,000 after buying an additional 68 shares in the last quarter. Finally, State of Wyoming increased its stake in CyberArk Software by 14.2% during the 2nd quarter. State of Wyoming now owns 546 shares of the technology company’s stock worth $85,000 after buying an additional 68 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Down 3.4 %

NASDAQ:CYBR opened at $239.94 on Tuesday. The stock’s fifty day moving average is $259.93 and its two-hundred day moving average is $219.38. CyberArk Software Ltd. has a 52 week low of $120.11 and a 52 week high of $283.00. The stock has a market capitalization of $10.14 billion, a price-to-earnings ratio of -148.11 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The business had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. On average, sell-side analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts have commented on the company. Wells Fargo & Company boosted their price objective on CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Mizuho boosted their price objective on CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Truist Financial upped their price target on CyberArk Software from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Morgan Stanley lowered CyberArk Software from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $195.00 to $240.00 in a research report on Tuesday, January 9th. Finally, UBS Group upped their price target on CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Two analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus price target of $258.54.

CyberArk Software Company 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.