Capital Market Strategies LLC Purchases Shares of 2,481 CyberArk Software Ltd. (NASDAQ:CYBR)

Capital Market Strategies LLC acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 2,481 shares of the technology company’s stock, valued at approximately $827,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. grew its position in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in CyberArk Software during the 3rd quarter worth $51,000. Future Financial Wealth Managment LLC bought a new position in CyberArk Software in the 3rd quarter valued at about $87,000. Centaurus Financial Inc. acquired a new position in shares of CyberArk Software during the second quarter valued at approximately $109,000. Finally, Cullen Frost Bankers Inc. acquired a new stake in shares of CyberArk Software in the second quarter valued at $129,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of recent research reports. Jefferies Financial Group lifted their target price on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Stifel Nicolaus upped their price target on CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. JPMorgan Chase & Co. upped their price target on shares of CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, December 16th. Susquehanna upped their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Finally, DA Davidson upped their target price on CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $346.52.

CyberArk Software Price Performance

Shares of CYBR stock traded up $3.87 on Monday, hitting $343.34. 199,976 shares of the company’s stock were exchanged, compared to its average volume of 438,147. The company has a 50 day moving average of $311.92 and a 200 day moving average of $287.20. CyberArk Software Ltd. has a 12 month low of $213.05 and a 12 month high of $348.24. The stock has a market cap of $14.96 billion, a P/E ratio of 1,271.68 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.31) EPS. Sell-side analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal 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.