F M Investments LLC Invests $2.06 Million in CyberArk Software Ltd. (NASDAQ:CYBR)

F M Investments LLC purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,191 shares of the technology company’s stock, valued at approximately $2,063,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software during the 4th quarter valued at approximately $25,000. TD Private Client Wealth LLC grew its stake in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after acquiring an additional 34 shares in the last quarter. Plato Investment Management Ltd bought a new stake in CyberArk Software in the 4th quarter valued at $39,000. Graney & King LLC bought a new position in shares of CyberArk Software during the 4th quarter valued at about $43,000. Finally, Montag A & Associates Inc. grew its position in shares of CyberArk Software by 47.2% during the fourth 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 in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

CyberArk Software stock opened at $349.44 on Friday. The company has a market capitalization of $17.27 billion, a PE ratio of -179.20 and a beta of 1.00. The company has a 50 day moving average price of $356.48 and a 200-day moving average price of $330.68. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CYBR shares. Guggenheim reiterated a “buy” rating and issued a $455.00 target price on shares of CyberArk Software in a research report on Tuesday, February 25th. Oppenheimer increased their target price on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Royal Bank of Canada reiterated an “outperform” rating and set a $420.00 price objective on shares of CyberArk Software in a research report on Friday. Barclays lifted their price target on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, JMP Securities upped their price objective on CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $418.39.

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.