Pier Capital LLC Invests $440,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Pier Capital LLC bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the 4th quarter, Holdings Channel.com reports. The firm bought 1,320 shares of the technology company’s stock, valued at approximately $440,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pathstone Holdings LLC boosted its stake in shares of CyberArk Software by 3.0% in the 3rd quarter. Pathstone Holdings LLC now owns 6,623 shares of the technology company’s stock valued at $1,931,000 after purchasing an additional 193 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of CyberArk Software by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company’s stock worth $8,632,000 after buying an additional 1,557 shares in the last quarter. Cerity Partners LLC increased its stake in shares of CyberArk Software by 5.0% in the 3rd quarter. Cerity Partners LLC now owns 52,745 shares of the technology company’s stock valued at $15,381,000 after acquiring an additional 2,507 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of CyberArk Software by 18.8% during the 3rd quarter. Centaurus Financial Inc. now owns 475 shares of the technology company’s stock valued at $139,000 after acquiring an additional 75 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in CyberArk Software by 11.5% during the third quarter. Daiwa Securities Group Inc. now owns 3,774 shares of the technology company’s stock worth $1,101,000 after acquiring an additional 389 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Down 0.2 %

Shares of NASDAQ:CYBR opened at $351.00 on Tuesday. The company has a 50 day moving average of $364.42 and a 200 day moving average of $324.32. CyberArk Software Ltd. has a 12 month low of $223.41 and a 12 month high of $421.00. The stock has a market cap of $17.35 billion, a P/E ratio of -180.00 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of research analyst reports. KeyCorp boosted their target price on CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Barclays upped their target price on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Robert W. Baird lifted their price target on shares of CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. DA Davidson restated a “buy” rating and set a $475.00 price objective on shares of CyberArk Software in a report on Tuesday, February 25th. Finally, Scotiabank lifted their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $418.15.

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.