MIG Capital LLC Takes $354,000 Position in CyberArk Software Ltd. (NASDAQ:CYBR)

MIG Capital LLC purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,063 shares of the technology company’s stock, valued at approximately $354,000. CyberArk Software makes up 0.0% of MIG Capital LLC’s investment portfolio, making the stock its 27th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software in the fourth quarter worth about $25,000. TD Private Client Wealth LLC boosted its stake in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after purchasing an additional 34 shares during the period. Plato Investment Management Ltd purchased a new position in CyberArk Software during the 4th quarter worth approximately $39,000. Graney & King LLC purchased a new position in CyberArk Software during the 4th quarter worth approximately $43,000. Finally, Montag A & Associates Inc. raised its stake in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after purchasing an additional 42 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CyberArk Software stock opened at $306.46 on Friday. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The firm has a market capitalization of $15.15 billion, a PE ratio of -157.16 and a beta of 1.06. The business’s 50-day simple moving average is $361.79 and its 200-day simple moving average is $328.40.

CyberArk Software (NASDAQ:CYBR) last issued 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%. Research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CYBR. Robert W. Baird lifted their price target on CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Oppenheimer lifted their target price on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. JPMorgan Chase & Co. increased their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Canaccord Genuity Group boosted their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $480.00 target price on shares of CyberArk Software in a research report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $418.04.

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.