Kieckhefer Group LLC Buys New Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Kieckhefer Group LLC acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 200 shares of the technology company’s stock, valued at approximately $67,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Brookstone Capital Management acquired a new stake in CyberArk Software during the fourth quarter worth approximately $202,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of CyberArk Software by 4.5% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 2,105 shares of the technology company’s stock worth $701,000 after purchasing an additional 90 shares in the last quarter. Fulton Bank N.A. boosted its stake in shares of CyberArk Software by 4.7% in the fourth quarter. Fulton Bank N.A. now owns 1,994 shares of the technology company’s stock valued at $664,000 after purchasing an additional 90 shares during the period. Capital Market Strategies LLC acquired a new stake in CyberArk Software during the 4th quarter valued at $827,000. Finally, Silverleafe Capital Partners LLC purchased a new stake in CyberArk Software during the 4th quarter worth $799,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on CYBR shares. Jefferies Financial Group increased their target price on CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. 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 note on Thursday, November 14th. Stifel Nicolaus boosted their price target on CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. DA Davidson lifted their price target on shares of CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Finally, UBS Group raised their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $350.22.

CyberArk Software Stock Down 1.7 %

CYBR stock traded down $5.93 during trading on Monday, hitting $337.86. The company had a trading volume of 168,066 shares, compared to its average volume of 414,464. The firm has a 50-day moving average price of $318.20 and a 200-day moving average price of $290.39. CyberArk Software Ltd. has a 12 month low of $221.12 and a 12 month high of $348.29. The stock has a market cap of $14.72 billion, a price-to-earnings ratio of 1,251.38 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.31) earnings per share. Equities analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current year.

About CyberArk Software

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.