CyberArk Software Ltd. (NASDAQ:CYBR) Shares Bought by Raymond James & Associates

CyberArk Software logoRaymond James & Associates grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR – Free Report) by 2.2% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 38,960 shares of the technology company’s stock after purchasing an additional 847 shares during the period. Raymond James & Associates owned approximately 0.09% of CyberArk Software worth $5,765,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CYBR. 1832 Asset Management LP acquired a new stake in shares of CyberArk Software during the 4th quarter valued at approximately $33,000. Achmea Investment Management BV acquired a new stake in shares of CyberArk Software during the 4th quarter valued at approximately $35,000. Pacer Advisors Inc. lifted its position in shares of CyberArk Software by 1,089.3% during the 4th quarter. Pacer Advisors Inc. now owns 333 shares of the technology company’s stock valued at $43,000 after acquiring an additional 305 shares during the period. Covestor Ltd acquired a new stake in shares of CyberArk Software during the 1st quarter valued at approximately $73,000. Finally, Heritage Wealth Management LLC increased its position in shares of CyberArk Software by 86.1% in the fourth quarter. Heritage Wealth Management LLC now owns 456 shares of the technology company’s stock valued at $59,000 after buying an additional 211 shares in the last quarter. Institutional investors and hedge funds own 88.66% of the company’s stock.

CyberArk Software Trading Up 0.6 %

Shares of CYBR stock opened at $155.64 on Monday. The stock has a market cap of $6.50 billion, a price-to-earnings ratio of -49.88 and a beta of 1.05. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.84. CyberArk Software Ltd. has a fifty-two week low of $113.19 and a fifty-two week high of $165.18. The firm’s 50 day moving average price is $148.41 and its two-hundred day moving average price is $141.13.

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CyberArk Software (NASDAQ:CYBR – Free Report) last announced its quarterly earnings results on Thursday, May 11th. The technology company reported earnings per share for the quarter, beating analysts’ consensus estimates of ($0.99) by $0.19. CyberArk Software had a negative net margin of 20.39% and a negative return on equity of 17.33%. The firm had revenue of $161.71 million for the quarter, compared to analysts’ expectations of $162.10 million. On average, analysts anticipate that CyberArk Software Ltd. will post -2.6 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on CYBR. Bank of America raised their price target on CyberArk Software from $175.00 to $187.00 in a research report on Thursday, May 25th. Barclays increased their price target on shares of CyberArk Software from $175.00 to $178.00 in a research report on Friday, May 12th. StockNews.com assumed coverage on shares of CyberArk Software in a research report on Thursday, May 18th. They issued a “hold” rating on the stock. Truist Financial assumed coverage on shares of CyberArk Software in a research report on Friday, April 21st. They issued a “buy” rating and a $185.00 target price on the stock. Finally, TheStreet upgraded CyberArk Software from a “d+” rating to a “c-” rating in a research report on Tuesday, June 20th. Five investment analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $174.77.

CyberArk Software Company Profile

(Free Report)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privileges across cloud environments.

Further Reading

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Institutional Ownership by Quarter for CyberArk Software (NASDAQ:CYBR)

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