CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 35,202.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,886 shares of the technology company’s stock after purchasing an additional 15,841 shares during the quarter. GAMMA Investing LLC’s holdings in CyberArk Software were worth $5,369,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of CYBR. Thoma Bravo L.P. acquired a new position in shares of CyberArk Software in the fourth quarter worth $380,637,000. First Trust Advisors LP boosted its holdings in CyberArk Software by 2.3% in the fourth quarter. First Trust Advisors LP now owns 939,768 shares of the technology company’s stock valued at $313,084,000 after purchasing an additional 20,832 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in CyberArk Software by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock valued at $292,651,000 after buying an additional 68,359 shares in the last quarter. Norges Bank acquired a new stake in CyberArk Software during the fourth quarter valued at approximately $203,375,000. Finally, TimesSquare Capital Management LLC raised its position in shares of CyberArk Software by 4.6% during the 4th quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company’s stock worth $186,682,000 after purchasing an additional 24,805 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Trading Down 1.4%

CyberArk Software stock opened at $397.94 on Tuesday. CyberArk Software Ltd. has a 12 month low of $230.00 and a 12 month high of $421.00. The stock’s 50 day simple moving average is $353.93 and its two-hundred day simple moving average is $349.90. The firm has a market cap of $19.67 billion, a PE ratio of -204.07 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.19. The company had revenue of $317.60 million for the quarter, compared to analysts’ expectations of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The firm’s quarterly revenue was up 43.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.75 EPS. On average, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the subject of several research reports. Barclays reissued an “overweight” rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Roth Capital began coverage on CyberArk Software in a report on Tuesday, May 13th. They set a “buy” rating and a $415.00 target price on the stock. Truist Financial lowered their price target on CyberArk Software from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $400.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $480.00 target price on shares of CyberArk Software in a report on Thursday, March 20th. Two 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $415.71.

About CyberArk Software

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.