Lbp Am Sa Acquires 17,861 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Lbp Am Sa boosted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 196.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,972 shares of the technology company’s stock after purchasing an additional 17,861 shares during the quarter. Lbp Am Sa owned approximately 0.06% of CyberArk Software worth $8,986,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CyberArk Software during the fourth quarter worth $25,000. Assetmark Inc. lifted its stake in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Plato Investment Management Ltd bought a new position in shares of CyberArk Software during the 4th quarter valued at about $39,000. Montag A & Associates Inc. grew its position in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after purchasing an additional 42 shares in the last quarter. Finally, Brown Lisle Cummings Inc. bought a new stake in shares of CyberArk Software in the fourth quarter worth about $50,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 5.4 %

Shares of NASDAQ:CYBR opened at $339.47 on Friday. The business’s 50 day moving average is $363.85 and its 200 day moving average is $320.92. The stock has a market cap of $14.79 billion, a P/E ratio of -174.09 and a beta of 1.06. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly 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 anticipate that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on CYBR shares. Piper Sandler increased their price target on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Royal Bank of Canada increased their target price on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Truist Financial boosted their price target on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. KeyCorp increased their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Guggenheim restated a “buy” rating and issued a $455.00 target price on shares of CyberArk Software in a report on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average price target of $418.15.

About CyberArk Software

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.