Burney Co. Buys 4,331 Shares of CyberArk Software Ltd. $CYBR

Burney Co. grew its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 23.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,536 shares of the technology company’s stock after purchasing an additional 4,331 shares during the quarter. Burney Co.’s holdings in CyberArk Software were worth $10,888,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of CYBR. Sheets Smith Wealth Management grew its stake in CyberArk Software by 0.7% in the 3rd quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock valued at $1,518,000 after buying an additional 23 shares during the last quarter. Signal Advisors Wealth LLC grew its position in shares of CyberArk Software by 0.6% in the third quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock valued at $1,892,000 after purchasing an additional 24 shares during the last quarter. Blue Trust Inc. increased its stake in shares of CyberArk Software by 2.9% in the third quarter. Blue Trust Inc. now owns 1,059 shares of the technology company’s stock worth $512,000 after purchasing an additional 30 shares during the period. MAI Capital Management lifted its position in shares of CyberArk Software by 1.1% during the 1st quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock worth $932,000 after purchasing an additional 31 shares during the last quarter. Finally, NewSquare Capital LLC boosted its stake in CyberArk Software by 78.0% during the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after purchasing an additional 32 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have commented on CYBR shares. JPMorgan Chase & Co. started coverage on CyberArk Software in a research report on Wednesday, December 17th. They issued a “neutral” rating and a $474.00 price target on the stock. JMP Securities reaffirmed a “market perform” rating on shares of CyberArk Software in a research report on Tuesday, September 23rd. Weiss Ratings began coverage on shares of CyberArk Software in a report on Saturday, November 1st. They issued a “sell (d-)” rating for the company. DA Davidson restated a “buy” rating and set a $518.00 price objective on shares of CyberArk Software in a report on Friday, November 7th. Finally, Barclays reiterated an “equal weight” rating and issued a $520.00 target price (up previously from $440.00) on shares of CyberArk Software in a research note on Tuesday, October 14th. Six equities research analysts have rated the stock with a Buy rating, twenty-five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $462.63.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $454.65 on Friday. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.52. The stock has a market cap of $22.95 billion, a P/E ratio of -98.62, a PEG ratio of 24.31 and a beta of 0.99. The company’s 50-day simple moving average is $478.01 and its 200 day simple moving average is $448.56.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, November 6th. The technology company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.28. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The company had revenue of $342.84 million for the quarter, compared to the consensus estimate of $328.52 million. During the same period in the previous year, the business earned $0.94 earnings per share. The company’s quarterly revenue was up 42.8% on a year-over-year basis. As a group, research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

CyberArk Software Company Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.