Pathstone Holdings LLC Acquires 193 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Pathstone Holdings LLC boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,623 shares of the technology company’s stock after buying an additional 193 shares during the quarter. Pathstone Holdings LLC’s holdings in CyberArk Software were worth $1,931,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of CYBR. Swedbank AB bought a new position in shares of CyberArk Software in the 1st quarter worth $109,466,000. International Assets Investment Management LLC purchased a new position in CyberArk Software in the third quarter valued at about $82,485,000. Anomaly Capital Management LP bought a new position in CyberArk Software in the second quarter worth about $49,145,000. Clearbridge Investments LLC lifted its position in shares of CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after buying an additional 160,269 shares during the last quarter. Finally, Hood River Capital Management LLC grew its position in shares of CyberArk Software by 59.2% in the 2nd quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company’s stock worth $61,132,000 after buying an additional 83,172 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 1.1 %

Shares of CYBR stock opened at $328.01 on Wednesday. The company has a market capitalization of $14.29 billion, a P/E ratio of 1,214.85 and a beta of 1.13. CyberArk Software Ltd. has a 12-month low of $191.56 and a 12-month high of $332.05. The business’s 50 day moving average is $292.30 and its two-hundred day moving average is $271.74.

CyberArk Software (NASDAQ:CYBR) last announced its 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. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.31) EPS. On average, research analysts predict that CyberArk Software Ltd. will post -0.62 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have issued reports on CYBR. DA Davidson lifted their price target on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Truist Financial restated a “buy” rating and set a $350.00 target price (up from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. Scotiabank started coverage on CyberArk Software in a research note on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 price target for the company. Rosenblatt Securities restated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a research note on Tuesday, August 6th. Finally, Robert W. Baird increased their price objective on shares of CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. One analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $328.37.

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.