CyberArk Software Ltd. (NASDAQ:CYBR) Holdings Boosted by Nepsis Inc.

Nepsis Inc. grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 882.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 562,327 shares of the technology company’s stock after acquiring an additional 505,088 shares during the period. CyberArk Software comprises about 26.9% of Nepsis Inc.’s investment portfolio, making the stock its biggest position. Nepsis Inc. owned about 1.29% of CyberArk Software worth $187,339,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software in the fourth quarter worth about $25,000. Assetmark Inc. lifted its position in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software in the third quarter worth about $51,000. Kieckhefer Group LLC purchased a new stake in shares of CyberArk Software in the fourth quarter worth about $67,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of CyberArk Software in the third quarter worth about $87,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 0.2 %

CyberArk Software stock opened at $359.72 on Friday. The business has a fifty day moving average of $329.93 and a two-hundred day moving average of $295.70. The firm has a market cap of $15.67 billion, a P/E ratio of 1,332.35 and a beta of 1.13. CyberArk Software Ltd. has a twelve month low of $223.09 and a twelve month high of $366.48.

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

Wall Street Analyst Weigh In

A number of research firms recently commented on CYBR. Citigroup boosted their target price on CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. BTIG Research boosted their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Robert W. Baird boosted their price objective on CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Truist Financial reissued a “buy” rating and set a $350.00 price objective (up from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. Finally, Scotiabank boosted their price objective on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $358.74.

CyberArk Software Company 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.