Pathstone Holdings LLC increased its position in CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) rose 3.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 6,623 shares of the technology company, after purchasing an additional 193 shares during the period. Pathstone Holdings LLC’s stake in CyberArk Software was worth $1,931,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently increased or decreased their stakes in the company. Mather Group LLC. acquired a new position in CyberArk Software during the second quarter worth approximately $27,000. ORG Partners LLC bought a new stake in CyberArk Software in the second quarter valued at $33,000. 1620 Investment Advisors Inc. bought a new position in CyberArk Software during the second quarter worth approximately $39,000. Assetmark Inc. increased its stake in CyberArk Software shares by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company worth $39,000, after purchasing an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI increased its position in shares of CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after purchasing an additional 54 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s shares.
CyberArk Software Stock Performance
NASDAQ:CYBR opened at $328.01 on Wednesday. CyberArk Software Ltd. has a 1-year low of $191.56 and a 1-year high of $332.05. The stock has a market cap of $14.29 billion, a price-to-earnings ratio of 1,214.85 and a beta of 1.13. The stock has a 50-day simple moving average of $292.30 and a 200-day simple moving average of $271.74.
CyberArk Software (NASDAQ:CYBR – Get Free Report) last reported its quarterly results on Wednesday, November 13. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same period last year, the company posted earnings per share of ($0.31). The company’s quarterly revenue increased 25.6% compared to the same quarter last year. On average, stock analysts predict that CyberArk Software Ltd. will post earnings per share of -0.62 for the current year.
Wall Street analysts weigh in
Several equity research analysts have issued reports on CYBR stock. Royal Bank of Canada lifted their price target on CyberArk Software from $328.00 to $358.00 and gave the stock an “outperform” rating in a research note on Thursday, November 14. Barclays raised their price target on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14. Wedbush raised their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. UBS Group raised their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, November 14. Finally, Citigroup raised their price target on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average target price of $328.37.
Get our latest report on CYBR
CyberArk Software Company Profile
(Free report)
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. The solutions include Privileged Access Manager, which provides risk-based login 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.
See also
Would you like to see which other hedge funds own CYBR? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for CyberArk Software Ltd. (NASDAQ:CYBR – Free Report).
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