Alliance Wealth Advisors LLC UT Grows Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Alliance Wealth Advisors LLC UT raised its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.9% during the fourth quarter, Holdings Channel reports. The fund owned 2,967 shares of the technology company’s stock after acquiring an additional 85 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in CyberArk Software were worth $650,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of CYBR. National Bank of Canada FI grew its holdings in CyberArk Software by 34.1% during the 3rd quarter. National Bank of Canada FI now owns 613 shares of the technology company’s stock valued at $100,000 after buying an additional 156 shares in the last quarter. Bfsg LLC boosted its holdings in shares of CyberArk Software by 27.3% in the 3rd quarter. Bfsg LLC now owns 8,583 shares of the technology company’s stock worth $1,406,000 after purchasing an additional 1,839 shares during the period. AMI Asset Management Corp boosted its holdings in shares of CyberArk Software by 1.9% in the 3rd quarter. AMI Asset Management Corp now owns 30,451 shares of the technology company’s stock worth $4,987,000 after purchasing an additional 580 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its holdings in shares of CyberArk Software by 6.4% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 12,810 shares of the technology company’s stock worth $2,098,000 after purchasing an additional 769 shares during the period. Finally, Sheets Smith Wealth Management boosted its holdings in shares of CyberArk Software by 2.5% in the 3rd quarter. Sheets Smith Wealth Management now owns 2,778 shares of the technology company’s stock worth $455,000 after purchasing an additional 68 shares during the period. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

CYBR stock traded down $2.47 on Friday, reaching $242.60. The company had a trading volume of 340,246 shares, compared to its average volume of 363,550. CyberArk Software Ltd. has a 1 year low of $120.11 and a 1 year high of $283.00. The company has a market cap of $10.25 billion, a P/E ratio of -149.75 and a beta of 1.05. The company’s fifty day moving average is $256.03 and its 200 day moving average is $223.79.

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

Analyst Ratings Changes

A number of brokerages recently issued reports on CYBR. Needham & Company LLC raised their price target on CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. Truist Financial raised their price target on CyberArk Software from $250.00 to $300.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. UBS Group raised their price target on CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a research note on Wednesday, January 10th. KeyCorp raised their price target on CyberArk Software from $274.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Finally, Rosenblatt Securities lifted their target price on CyberArk Software from $265.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $258.54.

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.