Atria Wealth Solutions Inc. Invests $246,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Atria Wealth Solutions Inc. purchased a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 1,123 shares of the technology company’s stock, valued at approximately $246,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Assetmark Inc. increased its position in shares of CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after buying an additional 95 shares during the period. Desjardins Global Asset Management Inc. boosted its holdings in CyberArk Software by 22.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after purchasing an additional 51 shares during the period. Headlands Technologies LLC purchased a new position in shares of CyberArk Software during the 3rd quarter valued at $84,000. Blue Trust Inc. increased its holdings in shares of CyberArk Software by 20.6% in the fourth quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock worth $123,000 after purchasing an additional 96 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in shares of CyberArk Software by 14.9% in the fourth quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock worth $124,000 after purchasing an additional 73 shares during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Trading Down 0.7 %

Shares of CYBR stock opened at $233.35 on Friday. The company’s fifty day moving average price is $252.40 and its 200-day moving average price is $227.76. The stock has a market cap of $9.86 billion, a PE ratio of -364.61 and a beta of 1.06. CyberArk Software Ltd. has a 12 month low of $135.02 and a 12 month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The business had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -1.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CYBR shares. Bank of America restated a “buy” rating and set a $315.00 target price on shares of CyberArk Software in a research report on Wednesday, April 24th. Susquehanna increased their target price on CyberArk Software from $255.00 to $310.00 and gave the company a “positive” rating in a research note on Friday, February 9th. BTIG Research initiated coverage on CyberArk Software in a research note on Thursday, March 28th. They set a “buy” rating and a $317.00 price objective on the stock. Needham & Company LLC reissued a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Friday, May 3rd. Finally, Wedbush restated an “outperform” rating and set a $285.00 price target on shares of CyberArk Software in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and an average price target of $265.63.

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.