2,293 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Bought by CHURCHILL MANAGEMENT Corp

CHURCHILL MANAGEMENT Corp purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 2,293 shares of the technology company’s stock, valued at approximately $764,000.

Several other institutional investors have also recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software in the 4th quarter valued at about $25,000. Assetmark Inc. grew its stake in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares during the period. Transcendent Capital Group LLC bought a new stake in shares of CyberArk Software during the third quarter valued at approximately $51,000. Kieckhefer Group LLC acquired a new position in shares of CyberArk Software during the fourth quarter worth approximately $67,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of CyberArk Software in the 3rd quarter worth $87,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CYBR stock opened at $355.51 on Friday. The stock has a fifty day moving average of $322.94 and a 200-day moving average of $292.18. CyberArk Software Ltd. has a fifty-two week low of $221.12 and a fifty-two week high of $357.56. The company has a market capitalization of $15.49 billion, a price-to-earnings ratio of 1,316.75 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping 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 firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same quarter last year, the business earned ($0.31) earnings per share. The company’s quarterly revenue was up 25.6% on a year-over-year basis. Equities analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CYBR. Barclays upped their price objective on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Robert W. Baird boosted their target price on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $316.00 price target on shares of CyberArk Software in a research report on Tuesday, December 31st. Stifel Nicolaus boosted their price objective on CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, DA Davidson increased their price objective on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and an average target price of $350.22.

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.