Mercer Global Advisors Inc. ADV Has $1.03 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Mercer Global Advisors Inc. ADV grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 221.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,081 shares of the technology company’s stock after buying an additional 2,122 shares during the period. Mercer Global Advisors Inc. ADV’s holdings in CyberArk Software were worth $1,027,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CyberArk Software during the 4th quarter valued at approximately $25,000. TD Private Client Wealth LLC increased its position in shares of CyberArk Software by 79.1% during the fourth 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 acquired a new stake in shares of CyberArk Software during the fourth quarter worth $39,000. Graney & King LLC acquired a new position in CyberArk Software in the fourth quarter valued at $43,000. Finally, Montag A & Associates Inc. lifted its holdings in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the period. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CYBR. KeyCorp lowered their price objective on CyberArk Software from $485.00 to $425.00 and set an “overweight” rating for the company in a research report on Thursday, April 17th. Piper Sandler lifted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Needham & Company LLC reiterated a “buy” rating and issued a $480.00 price objective on shares of CyberArk Software in a research note on Thursday, March 20th. Finally, Guggenheim reissued a “buy” rating and set a $455.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Two 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, CyberArk Software presently has an average rating of “Buy” and an average target price of $415.18.

CyberArk Software Stock Down 1.5 %

CyberArk Software stock opened at $359.04 on Friday. The company has a market capitalization of $17.75 billion, a P/E ratio of -184.12 and a beta of 0.99. The firm has a 50 day moving average price of $340.85 and a 200-day moving average price of $338.10. CyberArk Software Ltd. has a twelve month low of $223.41 and a twelve month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results 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%. Equities analysts expect that CyberArk Software Ltd. will post -0.47 EPS 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.