Bessemer Group Inc. Grows Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Bessemer Group Inc. raised its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 421.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 99 shares of the technology company’s stock after buying an additional 80 shares during the period. Bessemer Group Inc.’s holdings in CyberArk Software were worth $33,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the business. TD Private Client Wealth LLC increased its stake in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock worth $27,000 after buying an additional 46 shares in the last quarter. Graney & King LLC purchased a new position in CyberArk Software during the fourth quarter valued at $43,000. Coppell Advisory Solutions LLC lifted its holdings in CyberArk Software by 325.7% during the fourth quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company’s stock valued at $48,000 after purchasing an additional 114 shares in the last quarter. Finally, GeoWealth Management LLC lifted its holdings in CyberArk Software by 264.3% during the fourth quarter. GeoWealth Management LLC now owns 153 shares of the technology company’s stock valued at $51,000 after purchasing an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 2.8%

Shares of CYBR stock opened at $398.69 on Friday. CyberArk Software Ltd. has a twelve month low of $230.00 and a twelve month high of $421.00. The company has a market cap of $19.71 billion, a P/E ratio of -214.35 and a beta of 1.00. The business has a fifty day simple moving average of $378.04 and a 200 day simple moving average of $359.02.

CyberArk Software (NASDAQ:CYBR) last issued its 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 0.71% and a negative net margin of 7.97%. The business had revenue of $317.60 million during the quarter, compared to analysts’ expectations of $305.57 million. During the same quarter in the prior year, the firm earned $0.75 EPS. The business’s revenue for the quarter was up 43.3% compared to the same quarter last year. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

CYBR has been the topic of several recent analyst reports. Roth Capital initiated coverage on shares of CyberArk Software in a report on Tuesday, May 13th. They issued a “buy” rating and a $415.00 target price on the stock. Royal Bank Of Canada reiterated an “outperform” rating and set a $420.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Truist Financial lowered their target price 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. Stephens initiated 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. Finally, Rosenblatt Securities reiterated a “buy” rating and set a $445.00 price target on shares of CyberArk Software in a research note on Tuesday, May 13th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $416.79.

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.