1,320 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Purchased by Pier Capital LLC

Pier Capital LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,320 shares of the technology company’s stock, valued at approximately $440,000.

Other institutional investors have also made changes to their positions in the company. Jennison Associates LLC grew its position in shares of CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after purchasing an additional 391,900 shares during the last quarter. Groupama Asset Managment grew its holdings in CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after buying an additional 5,402 shares in the last quarter. Nepsis Inc. increased its position in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after buying an additional 505,088 shares during the period. TimesSquare Capital Management LLC lifted its holdings in shares of CyberArk Software by 4.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company’s stock worth $186,682,000 after buying an additional 24,805 shares in the last quarter. Finally, Swedbank AB boosted its position in shares of CyberArk Software by 19.0% in the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock valued at $181,600,000 after acquiring an additional 87,201 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Oppenheimer raised their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Truist Financial lifted their price target on shares of CyberArk Software from $385.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Cantor Fitzgerald reissued an “overweight” rating and set a $415.00 price target on shares of CyberArk Software in a research report on Monday, January 27th. StockNews.com cut CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Scotiabank increased their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Stock Down 0.2 %

Shares of CYBR opened at $351.00 on Tuesday. The stock has a market cap of $17.35 billion, a PE ratio of -180.00 and a beta of 1.06. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The business has a 50-day simple moving average of $364.42 and a two-hundred day simple moving average of $324.32.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. On average, equities research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.