Wealth Alliance Purchases 60 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Wealth Alliance lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 2,399 shares of the technology company’s stock after buying an additional 60 shares during the quarter. Wealth Alliance’s holdings in CyberArk Software were worth $526,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CYBR. Whale Rock Capital Management LLC grew its holdings in shares of CyberArk Software by 513.7% in the 2nd quarter. Whale Rock Capital Management LLC now owns 836,516 shares of the technology company’s stock worth $130,773,000 after purchasing an additional 700,210 shares during the last quarter. Norges Bank bought a new stake in CyberArk Software during the 4th quarter worth about $55,479,000. Jennison Associates LLC grew its holdings in CyberArk Software by 226.5% during the 3rd quarter. Jennison Associates LLC now owns 581,003 shares of the technology company’s stock worth $95,151,000 after acquiring an additional 403,076 shares during the last quarter. Acadian Asset Management LLC grew its holdings in CyberArk Software by 226.3% during the 3rd quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock worth $48,434,000 after acquiring an additional 205,224 shares during the last quarter. Finally, Balyasny Asset Management LLC bought a new stake in CyberArk Software during the 3rd quarter worth about $24,857,000. Institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. UBS Group upped their target price on shares of CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a research report on Wednesday, January 10th. Wells Fargo & Company upped their target price on shares of CyberArk Software from $250.00 to $275.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research report on Wednesday. KeyCorp upped their target price on shares of CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Finally, Mizuho increased their price target on shares of CyberArk Software from $250.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $258.54.

CyberArk Software Stock Down 1.7 %

Shares of CYBR opened at $235.98 on Thursday. CyberArk Software Ltd. has a twelve month low of $120.11 and a twelve month high of $283.00. The company has a 50 day moving average of $259.79 and a 200-day moving average of $220.03.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.53. The company had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. On average, sell-side analysts predict that CyberArk Software Ltd. will post -1.46 EPS 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.