Inscription Capital LLC Buys New Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Inscription Capital LLC bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 4,100 shares of the technology company’s stock, valued at approximately $1,386,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. TD Private Client Wealth LLC raised its position in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after buying an additional 34 shares during the last quarter. CenterBook Partners LP raised its holdings in 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 last quarter. Montag A & Associates Inc. lifted its stake in shares of CyberArk Software by 47.2% during the 4th 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 period. Whipplewood Advisors LLC boosted its holdings in shares of CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock worth $27,000 after purchasing an additional 46 shares during the last quarter. Finally, Continuum Advisory LLC grew its position in shares of CyberArk Software by 0.6% in the fourth quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company’s stock valued at $2,622,000 after purchasing an additional 48 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the company. Cantor Fitzgerald reiterated an “overweight” rating and set a $400.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Guggenheim reiterated a “buy” rating and set a $455.00 price objective on shares of CyberArk Software in a report on Tuesday, February 25th. Rosenblatt Securities reissued a “buy” rating and issued a $445.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $420.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th. Finally, Barclays reiterated an “overweight” rating on shares of CyberArk Software in a report on Tuesday, May 13th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus target price of $416.79.

CyberArk Software Price Performance

CyberArk Software stock opened at $389.34 on Tuesday. CyberArk Software Ltd. has a 12-month low of $230.00 and a 12-month high of $421.00. The company has a market capitalization of $19.24 billion, a price-to-earnings ratio of -199.66 and a beta of 0.99. The firm’s fifty day moving average price is $361.27 and its 200 day moving average price is $352.41.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results 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. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The business had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 43.3% compared to the same quarter last year. Analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal 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.