CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by Sycomore Asset Management

Sycomore Asset Management increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 14.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 37,755 shares of the technology company’s stock after purchasing an additional 4,864 shares during the quarter. CyberArk Software accounts for 1.8% of Sycomore Asset Management’s investment portfolio, making the stock its 16th biggest holding. Sycomore Asset Management owned approximately 0.09% of CyberArk Software worth $8,322,000 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. Assetmark Inc. raised its holdings in CyberArk Software by 62.1% during the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after purchasing an additional 95 shares during the last quarter. Desjardins Global Asset Management Inc. raised its holdings in shares of CyberArk Software by 22.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after acquiring an additional 51 shares during the last quarter. Ronald Blue Trust Inc. raised its holdings in shares of CyberArk Software by 250.4% in the third quarter. Ronald Blue Trust Inc. now owns 466 shares of the technology company’s stock worth $73,000 after acquiring an additional 333 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of CyberArk Software in the third quarter worth $84,000. Finally, National Bank of Canada FI raised its holdings in shares of CyberArk Software by 34.1% in the third quarter. National Bank of Canada FI now owns 613 shares of the technology company’s stock worth $100,000 after acquiring an additional 156 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on CYBR shares. Rosenblatt Securities boosted their price target on CyberArk Software from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Needham & Company LLC lifted their price objective on CyberArk Software from $245.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Mizuho lifted their price objective on CyberArk Software from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 9th. UBS Group lifted their price objective on CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Finally, Truist Financial lifted their price objective on CyberArk Software from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus target price of $258.54.

CyberArk Software Trading Up 1.8 %

Shares of CYBR traded up $4.42 during midday trading on Wednesday, reaching $244.53. 579,844 shares of the company were exchanged, compared to its average volume of 578,935. The company has a market cap of $10.33 billion, a price-to-earnings ratio of -150.94 and a beta of 1.05. The stock has a 50-day moving average price of $256.77 and a 200-day moving average price of $222.72. CyberArk Software Ltd. has a 1-year low of $120.11 and a 1-year high of $283.00.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating the consensus estimate of ($0.34) by $0.53. The company had revenue of $223.10 million during the quarter, compared to analyst estimates of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. Equities research analysts anticipate that CyberArk Software Ltd. will post -1.46 earnings per share for the current year.

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.