Oppenheimer & Co. Inc. Increases Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Oppenheimer & Co. Inc. raised its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 87.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,155 shares of the technology company’s stock after acquiring an additional 1,474 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in CyberArk Software were worth $920,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RGM Capital LLC increased its holdings in CyberArk Software by 2.1% during the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock valued at $222,599,000 after purchasing an additional 16,530 shares during the period. Whale Rock Capital Management LLC raised its holdings in shares of CyberArk Software by 21.6% during the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock valued at $122,144,000 after acquiring an additional 81,801 shares in the last quarter. Swedbank AB lifted its stake in CyberArk Software by 11.1% in the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after acquiring an additional 45,799 shares during the period. 1832 Asset Management L.P. boosted its holdings in CyberArk Software by 1,291.7% in the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after acquiring an additional 358,602 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new position in CyberArk Software during the 3rd quarter valued at $82,485,000. 91.84% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on CYBR shares. Susquehanna lifted their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. UBS Group lifted their price objective on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. DA Davidson increased their target price on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Truist Financial restated a “buy” rating and set a $350.00 price target (up from $300.00) on shares of CyberArk Software in a research report on Thursday, November 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Friday, August 9th. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $315.00 on Wednesday. CyberArk Software Ltd. has a 1 year low of $186.96 and a 1 year high of $318.16. The company has a market cap of $13.72 billion, a P/E ratio of 1,128.15 and a beta of 1.13. The stock’s fifty day moving average price is $285.98 and its 200-day moving average price is $268.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. During the same quarter last year, the firm posted ($0.31) EPS. The business’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, sell-side analysts anticipate that CyberArk Software Ltd. will post -0.99 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.