CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by NewEdge Advisors LLC

NewEdge Advisors LLC grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 2.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,890 shares of the technology company’s stock after purchasing an additional 204 shares during the quarter. NewEdge Advisors LLC’s holdings in CyberArk Software were worth $2,629,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software in the 4th quarter valued at about $25,000. TD Private Client Wealth LLC increased its position in CyberArk Software by 79.1% during 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 acquired a new position in shares of CyberArk Software in the 4th quarter valued at $39,000. Graney & King LLC acquired a new stake in shares of CyberArk Software during the 4th quarter worth $43,000. Finally, Montag A & Associates Inc. raised its position in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Down 4.0 %

Shares of CyberArk Software stock opened at $312.90 on Tuesday. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00. The stock has a market capitalization of $15.47 billion, a price-to-earnings ratio of -160.46 and a beta of 1.00. The business’s 50 day simple moving average is $349.95 and its 200-day simple moving average is $332.98.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. Sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on CYBR shares. Cantor Fitzgerald reiterated an “overweight” rating and set a $415.00 target price on shares of CyberArk Software in a report on Monday, January 27th. JPMorgan Chase & Co. lifted their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Royal Bank of Canada reiterated an “outperform” rating and issued a $420.00 price target on shares of CyberArk Software in a report on Friday, April 11th. Scotiabank upped their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, Wells Fargo & Company raised their target price on CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $412.14.

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.