Dark Forest Capital Management LP Makes New $225,000 Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Dark Forest Capital Management LP bought 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 SEC. The fund bought 676 shares of the technology company’s stock, valued at approximately $225,000.

Several other large investors have also made changes to their positions in CYBR. TD Private Client Wealth LLC boosted its position in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after buying an additional 34 shares in the last quarter. CenterBook Partners LP boosted its holdings in shares of CyberArk Software by 2.4% in the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock worth $534,000 after acquiring an additional 38 shares in the last quarter. Montag A & Associates Inc. grew its position in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after acquiring an additional 42 shares during the last quarter. Venturi Wealth Management LLC grew its position in CyberArk Software by 6.9% during the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock worth $268,000 after acquiring an additional 52 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased its holdings in CyberArk Software by 1.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company’s stock valued at $1,275,000 after purchasing an additional 53 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Stifel Nicolaus increased their target price on CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Barclays lowered their price objective on shares of CyberArk Software from $450.00 to $405.00 and set an “overweight” rating for the company in a research report on Monday, April 14th. Guggenheim reiterated a “buy” rating and set a $455.00 target price on shares of CyberArk Software in a research report on Tuesday, February 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 price target on shares of CyberArk Software in a report on Thursday, April 24th. Finally, Scotiabank upped 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. Two equities research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software has an average rating of “Buy” and a consensus target price of $415.18.

CyberArk Software Stock Up 1.6 %

Shares of CYBR stock opened at $352.67 on Wednesday. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The firm has a fifty day moving average of $341.72 and a 200-day moving average of $334.92. The company has a market capitalization of $17.43 billion, a price-to-earnings ratio of -180.86 and a beta of 1.00.

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