CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Golden State Wealth Management LLC

Golden State Wealth Management LLC increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 100.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78 shares of the technology company’s stock after purchasing an additional 39 shares during the quarter. Golden State Wealth Management LLC’s holdings in CyberArk Software were worth $26,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Thoma Bravo L.P. acquired a new stake in CyberArk Software in the fourth quarter worth about $380,637,000. First Trust Advisors LP lifted 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 worth $313,084,000 after purchasing an additional 20,832 shares during the period. Pictet Asset Management Holding SA lifted its holdings in CyberArk Software by 8.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock worth $292,651,000 after purchasing an additional 68,359 shares during the period. Norges Bank acquired a new stake in CyberArk Software in the fourth quarter worth about $203,375,000. Finally, Driehaus Capital Management LLC lifted its holdings in CyberArk Software by 31.5% in the fourth quarter. Driehaus Capital Management LLC now owns 478,096 shares of the technology company’s stock worth $159,278,000 after purchasing an additional 114,622 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on CYBR. KeyCorp cut their price target on shares of CyberArk Software from $485.00 to $425.00 and set an “overweight” rating for the company in a report on Thursday, April 17th. DA Davidson upped their price target on shares of CyberArk Software from $435.00 to $465.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Needham & Company LLC reissued a “buy” rating and issued a $480.00 price target on shares of CyberArk Software in a report on Thursday, March 20th. Cantor Fitzgerald reissued an “overweight” rating and issued a $400.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Finally, Truist Financial cut their price target on shares of CyberArk Software from $450.00 to $425.00 and set a “buy” rating for the company in a report on Monday, March 31st. Two research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $416.79.

CyberArk Software Price Performance

NASDAQ CYBR opened at $398.69 on Friday. The company has a 50 day simple moving average of $376.97 and a 200-day simple moving average of $358.47. The firm has a market capitalization of $19.71 billion, a price-to-earnings ratio of -214.35 and a beta of 1.00. CyberArk Software Ltd. has a 52-week low of $230.00 and a 52-week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted 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. The business had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The firm’s revenue was up 43.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.75 earnings per share. On average, analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.