Oppenheimer & Co. Inc. grew its position in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 13.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 16,023 shares of the technology company’s stock after acquiring an additional 1,847 shares during the period. Oppenheimer & Co. Inc.’s holdings in Cyberark Software were worth $1,908,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of CYBR. Morgan Stanley lifted its position in Cyberark Software by 180.9% in the 3rd quarter. Morgan Stanley now owns 1,198,230 shares of the technology company’s stock valued at $95,668,000 after acquiring an additional 771,727 shares in the last quarter. Norges Bank bought a new position in shares of Cyberark Software during the 4th quarter valued at $35,253,000. Bank of America Corp DE lifted its holdings in shares of Cyberark Software by 198.9% during the 4th quarter. Bank of America Corp DE now owns 520,239 shares of the technology company’s stock valued at $38,570,000 after buying an additional 346,194 shares during the period. Two Sigma Advisers LP lifted its holdings in shares of Cyberark Software by 65.5% during the 4th quarter. Two Sigma Advisers LP now owns 617,900 shares of the technology company’s stock valued at $45,811,000 after buying an additional 244,600 shares during the period. Finally, Principal Financial Group Inc. bought a new position in shares of Cyberark Software during the 4th quarter valued at $13,737,000. Hedge funds and other institutional investors own 80.76% of the company’s stock.
CYBR stock traded up $3.11 during trading on Wednesday, reaching $135.77. The company’s stock had a trading volume of 986,058 shares, compared to its average volume of 933,794. Cyberark Software Ltd has a 1 year low of $58.63 and a 1 year high of $136.85. The firm has a market capitalization of $5.00 billion, a PE ratio of 94.94, a PEG ratio of 6.82 and a beta of 1.87.
Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings results on Tuesday, May 14th. The technology company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.33. Cyberark Software had a return on equity of 12.73% and a net margin of 14.79%. The business had revenue of $95.94 million during the quarter, compared to analyst estimates of $92.42 million. During the same quarter in the prior year, the business posted $0.32 EPS. Cyberark Software’s revenue for the quarter was up 33.7% compared to the same quarter last year. Equities analysts anticipate that Cyberark Software Ltd will post 1.18 earnings per share for the current fiscal year.
Several equities analysts have recently weighed in on the company. Morgan Stanley increased their price target on Cyberark Software from $133.00 to $146.00 and gave the company an “overweight” rating in a report on Wednesday, May 15th. Mizuho increased their price target on Cyberark Software from $135.00 to $140.00 and gave the company a “buy” rating in a report on Wednesday, May 15th. Citigroup increased their price target on Cyberark Software from $111.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, May 15th. JMP Securities reissued an “outperform” rating and set a $135.00 price target (up from $130.00) on shares of Cyberark Software in a report on Tuesday, May 14th. Finally, BidaskClub cut Cyberark Software from a “strong-buy” rating to a “buy” rating in a report on Tuesday, May 14th. Four research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $107.55.
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Cyberark Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.
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