CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Rhumbline Advisers

Rhumbline Advisers increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 6.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,164 shares of the technology company’s stock after acquiring an additional 1,034 shares during the quarter. Rhumbline Advisers’ holdings in CyberArk Software were worth $5,463,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its stake in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in CyberArk Software in the 4th quarter valued at $39,000. Graney & King LLC purchased a new position in shares of CyberArk Software during the 4th quarter worth $43,000. Montag A & Associates Inc. boosted its position in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after acquiring an additional 42 shares during the last quarter. Finally, Coppell Advisory Solutions LLC increased its position in CyberArk Software by 325.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company’s stock worth $48,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 0.9%

Shares of NASDAQ:CYBR opened at $392.12 on Friday. The company has a market cap of $19.38 billion, a PE ratio of -201.09 and a beta of 0.99. The company’s 50 day moving average is $358.12 and its two-hundred day moving average is $351.07. CyberArk Software Ltd. has a 52 week low of $230.00 and a 52 week high of $421.00.

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

Wall Street Analysts Forecast Growth

A number of research firms have commented on CYBR. Morgan Stanley reaffirmed an “equal weight” rating on shares of CyberArk Software in a research report on Tuesday, May 13th. Guggenheim restated a “buy” rating and issued a $455.00 price objective on shares of CyberArk Software in a report on Tuesday, February 25th. Stephens began coverage on shares of CyberArk Software in a report on Tuesday, April 1st. They issued an “overweight” rating and a $440.00 target price for the company. Truist Financial decreased their price target on CyberArk Software from $450.00 to $425.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Finally, Needham & Company LLC restated a “buy” rating and set a $480.00 price target on shares of CyberArk Software in a research report on Thursday, March 20th. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $416.79.

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.