MIG Capital LLC Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

MIG Capital LLC bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 1,063 shares of the technology company’s stock, valued at approximately $354,000. CyberArk Software comprises 0.0% of MIG Capital LLC’s holdings, making the stock its 27th biggest position.

A number of other hedge funds have also made changes to their positions in CYBR. HighTower Advisors LLC grew its holdings in CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after acquiring an additional 2,062 shares in the last quarter. Groupama Asset Managment grew its stake in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in CyberArk Software in the third quarter valued at about $8,612,000. CHURCHILL MANAGEMENT Corp acquired a new stake in CyberArk Software during the fourth quarter valued at approximately $764,000. Finally, China Universal Asset Management Co. Ltd. bought a new position in CyberArk Software during the 4th quarter worth approximately $1,166,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Down 6.6 %

Shares of CyberArk Software stock opened at $306.46 on Friday. The business has a fifty day simple moving average of $361.79 and a 200-day simple moving average of $328.40. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The firm has a market cap of $15.15 billion, a price-to-earnings ratio of -157.16 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates 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%. Analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Rosenblatt Securities reiterated a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a report on Wednesday, February 26th. Guggenheim reiterated a “buy” rating and set a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. StockNews.com downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Wells Fargo & Company boosted their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Morgan Stanley started coverage on shares of CyberArk Software in a report on Tuesday, March 18th. They issued an “equal weight” rating on the stock. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $418.04.

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.