CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by First Hawaiian Bank

First Hawaiian Bank increased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 123.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,511 shares of the technology company’s stock after buying an additional 4,706 shares during the period. First Hawaiian Bank’s holdings in CyberArk Software were worth $2,877,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. TD Private Client Wealth LLC grew its holdings 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 purchasing an additional 34 shares during the period. CenterBook Partners LP grew its holdings in CyberArk Software by 2.4% in the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock valued at $534,000 after purchasing an additional 38 shares during the period. Montag A & Associates Inc. grew 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 buying an additional 42 shares during the period. Continuum Advisory LLC grew its stake in CyberArk Software by 0.6% during the fourth quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company’s stock worth $2,622,000 after buying an additional 48 shares during the period. Finally, Venturi Wealth Management LLC grew its stake in CyberArk Software by 6.9% during the fourth quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock worth $268,000 after buying an additional 52 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several research reports. Morgan Stanley reiterated an “equal weight” rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Truist Financial decreased their price objective on shares of CyberArk Software from $450.00 to $425.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $420.00 price objective on shares of CyberArk Software in a research note on Tuesday, May 13th. Roth Capital initiated coverage on shares of CyberArk Software in a research note on Tuesday, May 13th. They set a “buy” rating and a $415.00 price objective for the company. Finally, Citigroup boosted their price objective on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $415.71.

CyberArk Software Stock Performance

CyberArk Software stock opened at $378.95 on Friday. The company has a 50-day simple moving average of $348.13 and a 200-day simple moving average of $345.80. The firm has a market capitalization of $18.73 billion, a P/E ratio of -194.33 and a beta of 0.99. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, topping the consensus estimate of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The company’s quarterly revenue was up 43.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.75 earnings per share. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share 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.