Oak Ridge Investments LLC Purchases New Shares in CyberArk Software Ltd. (NASDAQ:CYBR)

Oak Ridge Investments LLC acquired a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 15,756 shares of the technology company’s stock, valued at approximately $5,249,000.

A number of other institutional investors have also recently bought and sold shares of the business. Coldstream Capital Management Inc. raised its stake in CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after purchasing an additional 42 shares in the last quarter. Greenleaf Trust increased its holdings in CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after buying an additional 45 shares during the period. Signaturefd LLC raised its position in shares of CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after buying an additional 49 shares in the last quarter. Austin Private Wealth LLC lifted its holdings in shares of CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after acquiring an additional 52 shares during the period. Finally, Juncture Wealth Strategies LLC boosted its position in shares of CyberArk Software by 2.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock worth $825,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 0.9 %

CyberArk Software stock opened at $352.22 on Friday. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $363.00. The company’s 50 day moving average price is $324.09 and its two-hundred day moving average price is $292.91. The stock has a market cap of $15.35 billion, a P/E ratio of 1,304.57 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same quarter in the previous year, the firm earned ($0.31) earnings per share. The business’s revenue was up 25.6% on a year-over-year basis. On average, equities analysts anticipate that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have weighed in on the company. Wedbush upped their target price on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Royal Bank of Canada raised their price objective on CyberArk Software from $358.00 to $385.00 and gave the company an “outperform” rating in a research note on Friday, January 3rd. Wells Fargo & Company boosted their target price on CyberArk Software from $350.00 to $410.00 and gave the stock an “overweight” rating in a research note on Thursday, January 2nd. Stifel Nicolaus lifted their target price on shares of CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Canaccord Genuity Group upped their price objective on shares of CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and an average price target of $353.93.

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.