Continuum Advisory LLC Increases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Continuum Advisory LLC increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 33.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,823 shares of the technology company’s stock after acquiring an additional 1,950 shares during the period. Continuum Advisory LLC’s holdings in CyberArk Software were worth $2,357,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in CYBR. Jennison Associates LLC lifted its holdings in shares of CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after acquiring an additional 9,570 shares during the last quarter. Groupama Asset Managment increased its stake in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares during the period. RGM Capital LLC lifted its position in shares of CyberArk Software by 2.1% during the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after purchasing an additional 16,530 shares during the last quarter. Whale Rock Capital Management LLC boosted its stake in shares of CyberArk Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock valued at $134,422,000 after purchasing an additional 14,927 shares during the period. Finally, Swedbank AB grew its holdings in shares of CyberArk Software by 11.1% in the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after purchasing an additional 45,799 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Down 1.3 %

CYBR opened at $323.22 on Monday. The company has a market cap of $14.08 billion, a P/E ratio of 1,197.16 and a beta of 1.13. The firm’s 50-day moving average price is $299.12 and its 200-day moving average price is $276.23. CyberArk Software Ltd. has a 52-week low of $198.01 and a 52-week high of $333.32.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the prior year, the business posted ($0.31) EPS. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, research analysts anticipate that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently weighed in on CYBR. Truist Financial reiterated a “buy” rating and set a $350.00 price objective (up previously from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. Piper Sandler boosted their price target on CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Cantor Fitzgerald restated an “overweight” rating and set a $335.00 price objective on shares of CyberArk Software in a report on Thursday, November 14th. BTIG Research upped their target price on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Finally, JMP Securities increased their price target on CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

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.