US Bancorp DE Acquires 118 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

US Bancorp DE grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR – Get Rating) by 0.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,760 shares of the technology company’s stock after acquiring an additional 118 shares during the quarter. US Bancorp DE’s holdings in CyberArk Software were worth $2,362,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. AdvisorNet Financial Inc grew its position in shares of CyberArk Software by 3,900.0% in the 2nd quarter. AdvisorNet Financial Inc now owns 200 shares of the technology company’s stock valued at $26,000 after purchasing an additional 195 shares during the period. Wipfli Financial Advisors LLC bought a new position in CyberArk Software in the third quarter valued at approximately $40,000. Private Trust Co. NA acquired a new position in shares of CyberArk Software in the second quarter valued at approximately $36,000. Heritage Wealth Management LLC bought a new stake in shares of CyberArk Software during the second quarter worth $40,000. Finally, Silvant Capital Management LLC acquired a new stake in shares of CyberArk Software during the second quarter worth $53,000. 91.52% of the stock is currently owned by institutional investors.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $119.92 on Friday. The company has a market capitalization of $4.88 billion, a price-to-earnings ratio of -38.81 and a beta of 1.04. The company has a debt-to-equity ratio of 0.87, a quick ratio of 2.66 and a current ratio of 2.66. CyberArk Software Ltd. has a 52 week low of $100.35 and a 52 week high of $180.01. The company has a 50-day simple moving average of $137.84 and a 200 day simple moving average of $141.74.

CyberArk Software (NASDAQ:CYBR – Get Rating) last issued its quarterly earnings data on Thursday, November 3rd. The technology company reported ($0.67) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.90) by $0.23. CyberArk Software had a negative return on equity of 16.23% and a negative net margin of 21.79%. The company had revenue of $152.67 million during the quarter, compared to analysts’ expectations of $151.18 million. On average, sell-side analysts predict that CyberArk Software Ltd. will post -3.44 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of research reports. Morgan Stanley lowered their target price on CyberArk Software from $184.00 to $162.00 and set an “overweight” rating for the company in a report on Thursday. Needham & Company LLC lifted their target price on CyberArk Software from $175.00 to $180.00 and gave the company a “buy” rating in a research report on Friday, November 4th. Cowen began coverage on CyberArk Software in a research report on Thursday, September 29th. They set an “outperform” rating and a $195.00 price target for the company. Canaccord Genuity Group started coverage on shares of CyberArk Software in a research note on Friday, September 30th. They set a “buy” rating for the company. Finally, DA Davidson assumed coverage on shares of CyberArk Software in a report on Thursday, December 15th. They set a “buy” rating and a $175.00 target price for the company. Four analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average target price of $172.83.

About CyberArk Software

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CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, 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 privilege across cloud environments.