CyberArk Software Ltd. (NASDAQ:CYBR) Holdings Lifted by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.7% in the 4th quarter, Holdings Channel reports. The fund owned 11,576 shares of the technology company’s stock after purchasing an additional 1,024 shares during the period. Geneos Wealth Management Inc.’s holdings in CyberArk Software were worth $3,857,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software in the fourth quarter worth approximately $25,000. Assetmark Inc. lifted its position in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of CyberArk Software during the 3rd quarter valued at $51,000. Kieckhefer Group LLC purchased a new position in shares of CyberArk Software during the 4th quarter valued at $67,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of CyberArk Software during the 3rd quarter valued at $87,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on CYBR. Piper Sandler lifted their price objective on CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Citigroup boosted their price target on CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Scotiabank increased their price objective on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Barclays lifted their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Robert W. Baird increased their price target on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.74.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $359.72 on Friday. The company has a market cap of $15.67 billion, a PE ratio of 1,332.35 and a beta of 1.13. The firm has a fifty day moving average price of $329.93 and a two-hundred day moving average price of $295.88. CyberArk Software Ltd. has a fifty-two week low of $223.09 and a fifty-two week high of $366.48.

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