CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by NBW Capital LLC

NBW Capital LLC raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 66.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 14,920 shares of the technology company’s stock after purchasing an additional 5,980 shares during the period. NBW Capital LLC’s holdings in CyberArk Software were worth $4,971,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HighTower Advisors LLC boosted its stake in CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after purchasing an additional 2,062 shares during the period. Groupama Asset Managment lifted its stake in shares of CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after acquiring an additional 5,402 shares during the period. Jennison Associates LLC lifted its stake 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 period. Public Employees Retirement System of Ohio acquired a new stake in shares of CyberArk Software in the 3rd quarter worth approximately $8,612,000. Finally, CHURCHILL MANAGEMENT Corp acquired a new stake in shares of CyberArk Software in the 4th quarter worth approximately $764,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $353.56 on Tuesday. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The stock has a market cap of $15.41 billion, a price-to-earnings ratio of -181.31 and a beta of 1.15. The firm has a fifty day moving average of $362.10 and a 200-day moving average of $317.92.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, sell-side analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analysts Set New Price Targets

CYBR has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating and issued a $455.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $415.00 price target on shares of CyberArk Software in a research note on Monday, January 27th. Citigroup increased their target price on shares of CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Monday. KeyCorp increased their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Finally, Piper Sandler increased their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.15.

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.