F M Investments LLC Makes New $2.06 Million Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

F M Investments LLC bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 6,191 shares of the technology company’s stock, valued at approximately $2,063,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software during the fourth quarter valued at $25,000. TD Private Client Wealth LLC grew its position in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares during the period. Plato Investment Management Ltd bought a new position in shares of CyberArk Software in the 4th quarter worth about $39,000. Graney & King LLC purchased a new position in CyberArk Software during the 4th quarter valued at about $43,000. Finally, Montag A & Associates Inc. boosted its stake in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after acquiring an additional 42 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 2.1 %

CyberArk Software stock opened at $349.44 on Friday. The business has a 50-day simple moving average of $356.48 and a two-hundred day simple moving average of $330.68. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The company has a market cap of $17.27 billion, a P/E ratio of -179.20 and a beta of 1.00.

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 the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. Research analysts anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on CYBR. Oppenheimer boosted their price target on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. DA Davidson reissued a “buy” rating and issued a $475.00 target price on shares of CyberArk Software in a report on Tuesday, February 25th. Needham & Company LLC reissued a “buy” rating and issued a $480.00 target price on shares of CyberArk Software in a research note on Thursday, March 20th. Scotiabank lifted their price target on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, Stifel Nicolaus increased their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $418.39.

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.