Cambridge Investment Research Advisors Inc. acquired a new position in shares of Cyberark Software Ltd (NASDAQ:CYBR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,596 shares of the technology company’s stock, valued at approximately $547,000.
Other hedge funds also recently modified their holdings of the company. Global Retirement Partners LLC increased its position in shares of Cyberark Software by 100.0% during the first quarter. Global Retirement Partners LLC now owns 400 shares of the technology company’s stock worth $48,000 after acquiring an additional 200 shares in the last quarter. Duncker Streett & Co. Inc. bought a new stake in shares of Cyberark Software during the first quarter worth $60,000. Valeo Financial Advisors LLC increased its position in shares of Cyberark Software by 910.0% during the first quarter. Valeo Financial Advisors LLC now owns 505 shares of the technology company’s stock worth $60,000 after acquiring an additional 455 shares in the last quarter. Optimum Investment Advisors bought a new stake in shares of Cyberark Software during the fourth quarter worth $44,000. Finally, Bank of Montreal Can boosted its holdings in Cyberark Software by 1,300.0% during the first quarter. Bank of Montreal Can now owns 700 shares of the technology company’s stock worth $84,000 after purchasing an additional 650 shares during the last quarter. 72.56% of the stock is owned by institutional investors.
Several research analysts recently commented on CYBR shares. Morgan Stanley set a $126.00 target price on shares of Cyberark Software and gave the stock a “buy” rating in a report on Friday, February 15th. UBS Group cut shares of Cyberark Software from a “buy” rating to a “neutral” rating and increased their target price for the stock from $119.00 to $132.00 in a report on Thursday, April 25th. Wedbush increased their target price on shares of Cyberark Software from $95.00 to $130.00 and gave the stock an “outperform” rating in a report on Friday, February 15th. Barclays increased their target price on shares of Cyberark Software from $112.00 to $122.00 and gave the stock an “equal weight” rating in a report on Friday, April 12th. Finally, Berenberg Bank started coverage on shares of Cyberark Software in a report on Friday, May 31st. They set a “buy” rating and a $155.00 target price for the company. Four research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $109.81.
Shares of CYBR stock opened at $132.49 on Thursday. The firm has a market capitalization of $4.91 billion, a price-to-earnings ratio of 85.86, a PEG ratio of 6.94 and a beta of 1.73. Cyberark Software Ltd has a one year low of $59.02 and a one year high of $138.73.
Cyberark Software (NASDAQ:CYBR) last announced its quarterly earnings results on Tuesday, May 14th. The technology company reported $0.56 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.33. The firm had revenue of $95.94 million during the quarter, compared to analysts’ expectations of $92.42 million. Cyberark Software had a net margin of 14.79% and a return on equity of 12.73%. The company’s revenue for the quarter was up 33.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.32 earnings per share. Equities research analysts expect that Cyberark Software Ltd will post 1.19 EPS for the current year.
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Cyberark Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.
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