Atria Wealth Solutions Inc. Acquires Shares of 1,123 CyberArk Software Ltd. (NASDAQ:CYBR)

Atria Wealth Solutions Inc. bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, Holdings Channel.com reports. The firm bought 1,123 shares of the technology company’s stock, valued at approximately $246,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. lifted its position in CyberArk Software by 62.1% in the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after purchasing an additional 95 shares during the period. Desjardins Global Asset Management Inc. raised its stake in shares of CyberArk Software by 22.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after buying an additional 51 shares in the last quarter. Headlands Technologies LLC purchased a new position in shares of CyberArk Software during the 3rd quarter worth approximately $84,000. Blue Trust Inc. lifted its holdings in shares of CyberArk Software by 20.6% in the 4th quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock valued at $123,000 after buying an additional 96 shares during the period. Finally, Pacer Advisors Inc. boosted its stake in shares of CyberArk Software by 14.9% in the fourth quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock valued at $124,000 after buying an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $233.35 on Friday. CyberArk Software Ltd. has a 1-year low of $135.02 and a 1-year high of $283.00. The firm has a 50 day simple moving average of $252.40 and a 200-day simple moving average of $227.76. The firm has a market cap of $9.86 billion, a PE ratio of -364.61 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The firm had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -1.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

CYBR has been the subject of a number of recent analyst reports. JMP Securities raised their target price on CyberArk Software from $195.00 to $280.00 and gave the company a “market outperform” rating in a report on Wednesday, January 31st. Rosenblatt Securities reiterated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Wednesday, May 1st. Wedbush restated an “outperform” rating and set a $285.00 target price on shares of CyberArk Software in a research report on Friday, May 3rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price target on shares of CyberArk Software in a research report on Friday, May 3rd. Finally, Needham & Company LLC restated a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $265.63.

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.