Ewing Morris & Co. Investment Partners Ltd. Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Ewing Morris & Co. Investment Partners Ltd. acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 900 shares of the technology company’s stock, valued at approximately $300,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC grew its holdings in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after acquiring an additional 34 shares in the last quarter. CenterBook Partners LP increased its position in shares of CyberArk Software by 2.4% in the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock valued at $534,000 after acquiring an additional 38 shares during the period. Montag A & Associates Inc. raised its stake in shares of CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares during the last quarter. Venturi Wealth Management LLC lifted its stake in CyberArk Software by 6.9% during the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock valued at $268,000 after acquiring an additional 52 shares during the period. Finally, Daiwa Securities Group Inc. lifted its position in CyberArk Software by 1.4% during the fourth quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company’s stock valued at $1,275,000 after purchasing an additional 53 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on CYBR. Truist Financial reduced their price target on CyberArk Software from $450.00 to $425.00 and set a “buy” rating for the company in a report on Monday, March 31st. Barclays decreased their target price on shares of CyberArk Software from $450.00 to $405.00 and set an “overweight” rating on the stock in a research note on Monday, April 14th. JPMorgan Chase & Co. raised their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. StockNews.com lowered CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Stephens began coverage on shares of CyberArk Software in a report on Tuesday, April 1st. They issued an “overweight” rating and a $440.00 target price for the company. Two research analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, CyberArk Software has a consensus rating of “Buy” and an average price target of $415.18.

CyberArk Software Stock Performance

CyberArk Software stock opened at $364.46 on Friday. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00. The firm has a market cap of $18.01 billion, a P/E ratio of -186.90 and a beta of 0.99. The business’s fifty day moving average is $340.76 and its two-hundred day moving average is $337.69.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) 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, equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

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.