CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by JB Capital LLC

JB Capital LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,117 shares of the technology company’s stock after purchasing an additional 345 shares during the quarter. JB Capital LLC’s holdings in CyberArk Software were worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in CYBR. Swedbank AB purchased a new position in CyberArk Software during the first quarter worth about $109,466,000. 1832 Asset Management L.P. grew its holdings in CyberArk Software by 1,291.7% in the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after purchasing an additional 358,602 shares during the period. International Assets Investment Management LLC acquired a new position in CyberArk Software during the third quarter worth approximately $82,485,000. Anomaly Capital Management LP purchased a new position in CyberArk Software during the second quarter worth approximately $49,145,000. Finally, Clearbridge Investments LLC boosted its holdings in shares of CyberArk Software by 250.0% in the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after purchasing an additional 160,269 shares during the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Trading Up 0.9 %

CyberArk Software stock traded up $2.69 during trading hours on Thursday, hitting $297.14. The stock had a trading volume of 56,897 shares, compared to its average volume of 514,220. CyberArk Software Ltd. has a fifty-two week low of $181.02 and a fifty-two week high of $308.63. The company has a 50-day moving average of $282.40 and a two-hundred day moving average of $264.53.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter in the previous year, the company posted ($0.58) earnings per share. CyberArk Software’s quarterly revenue was up 27.8% compared to the same quarter last year. As a group, equities analysts forecast that CyberArk Software Ltd. will post -1.05 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on CYBR shares. Robert W. Baird increased their target price on CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Barclays increased their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock an “overweight” rating in a report on Monday, October 7th. Scotiabank initiated coverage on shares of CyberArk Software in a report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price on the stock. Oppenheimer raised their target price on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Finally, Susquehanna increased their price objective on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $311.44.

CyberArk Software Company 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.