Nicholas Wealth LLC. Takes $997,000 Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Nicholas Wealth LLC. acquired a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,949 shares of the technology company’s stock, valued at approximately $997,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Bessemer Group Inc. boosted its holdings in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after purchasing an additional 80 shares in the last quarter. Golden State Wealth Management LLC raised its stake in CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock worth $26,000 after acquiring an additional 39 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of CyberArk Software by 17.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company’s stock valued at $627,000 after acquiring an additional 280 shares during the period. Blue Trust Inc. boosted its stake in shares of CyberArk Software by 5.9% in the 1st quarter. Blue Trust Inc. now owns 1,099 shares of the technology company’s stock valued at $371,000 after purchasing an additional 61 shares in the last quarter. Finally, Yousif Capital Management LLC grew its holdings in shares of CyberArk Software by 9.1% in the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company’s stock worth $755,000 after purchasing an additional 187 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CYBR has been the topic of a number of research analyst reports. DA Davidson increased their price target on CyberArk Software from $435.00 to $465.00 and gave the stock a “buy” rating in a research report on Thursday, June 12th. Barclays lifted their price target on CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Roth Capital initiated coverage on shares of CyberArk Software in a research report on Tuesday, May 13th. They set a “buy” rating and a $415.00 price target on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $420.00 price objective on shares of CyberArk Software in a research report on Tuesday. Finally, KeyCorp dropped their target price on shares of CyberArk Software from $485.00 to $425.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $418.75.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $375.34 on Friday. The company’s 50-day moving average price is $386.23 and its two-hundred day moving average price is $365.24. CyberArk Software Ltd. has a one year low of $230.00 and a one year high of $421.00. The stock has a market capitalization of $18.55 billion, a PE ratio of -201.80 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.19. The company had revenue of $317.60 million for the quarter, compared to analysts’ expectations of $305.57 million. CyberArk Software had a positive return on equity of 0.71% and a negative net margin of 7.97%. The business’s revenue was up 43.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.75 EPS. On average, analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

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.