Crestwood Advisors Group LLC Acquires 500 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Crestwood Advisors Group LLC increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 47.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,550 shares of the technology company’s stock after buying an additional 500 shares during the period. Crestwood Advisors Group LLC’s holdings in CyberArk Software were worth $452,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Mather Group LLC. bought a new position in CyberArk Software in the 2nd quarter worth approximately $27,000. Montag A & Associates Inc. bought a new position in CyberArk Software in the 1st quarter worth approximately $27,000. ORG Partners LLC bought a new position in CyberArk Software in the 2nd quarter worth approximately $33,000. 1620 Investment Advisors Inc. bought a new position in CyberArk Software in the 2nd quarter valued at $39,000. Finally, Arcadia Investment Management Corp MI boosted its holdings in CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the period. 91.84% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Jefferies Financial Group raised their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Susquehanna raised their price target on shares of CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a report on Friday, August 9th. Needham & Company LLC reissued a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Friday, August 9th. Mizuho raised their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Robert W. Baird raised their price target on shares of CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $311.44.

CyberArk Software Stock Up 5.1 %

Shares of NASDAQ:CYBR opened at $294.45 on Thursday. The stock has a market cap of $12.83 billion, a PE ratio of -920.16 and a beta of 1.13. The company’s fifty day moving average is $282.40 and its 200 day moving average is $264.53. CyberArk Software Ltd. has a 52 week low of $179.26 and a 52 week high of $308.63.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The firm had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter in the previous year, the company earned ($0.58) earnings per share. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. Sell-side analysts anticipate that CyberArk Software Ltd. will post -1.05 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.