Curi RMB Capital LLC Grows Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Curi RMB Capital LLC increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 19.3% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,165 shares of the technology company’s stock after purchasing an additional 511 shares during the quarter. Curi RMB Capital LLC’s holdings in CyberArk Software were worth $1,054,000 as of its most recent filing with the SEC.

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

CyberArk Software Price Performance

CYBR opened at $325.84 on Monday. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The stock has a market cap of $16.11 billion, a P/E ratio of -167.10 and a beta of 1.00. The stock’s 50 day simple moving average is $351.30 and its 200 day simple moving average is $332.75.

CyberArk Software (NASDAQ:CYBR) last posted 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 negative net margin of 9.34% and a positive return on equity of 0.45%. Research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Morgan Stanley reduced their price target on shares of CyberArk Software from $390.00 to $380.00 and set an “equal weight” rating on the stock in a research report on Wednesday, April 16th. Canaccord Genuity Group increased their price target on CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Stephens started coverage on shares of CyberArk Software in a research note on Tuesday, April 1st. They set an “overweight” rating and a $440.00 target price for the company. Finally, Piper Sandler boosted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two equities 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 company. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $412.14.

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.