B. Riley Wealth Advisors Inc. increased its stake in CyberArk Software Inc. (NASDAQ:CYBR – Free Report ) by 121.0% during the fourth quarter, according to the latest 13F filing with the Securities and Exchange Commission. The institutional investor now owns 3,277 shares of the technology company’s stock, acquiring an additional 1,794 shares during the quarter. B. Riley Wealth Advisors Inc.’s holding of CyberArk Software stock was worth $718,000 at the end of the latest reporting period.
Other hedge funds also recently modified their holdings of CYBR. Desjardins Global Asset Management increased its holdings in CyberArk Software by 22.1% in the fourth quarter. Desjardins Global Asset Management now owns 282 shares of the technology company’s stock valued at $62,000 after purchasing an additional 51 shares during the period. Signature fd LLC increased its holdings in CyberArk Software by 6.6% in the fourth quarter. Signature fd LLC now owns 868 shares of the technology company’s stock valued at $190,000 after purchasing an additional 54 shares during the period. Hightower Advisors LLC increased its holdings in CyberArk Software by 1.1% in the third quarter. Hightower Advisors LLC now owns 5,476 shares of the technology company’s stock, valued at $894,000, after purchasing an additional 60 shares during the period. Wealth Alliance increased its holdings in CyberArk Software by 2.6% in the fourth quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock, valued at $526,000, after purchasing an additional 60 shares during the period. Finally, PNC Financial Services Group increased its holdings in CyberArk Software by 2.3% in the third quarter. PNC Financial Services Group now owns 2,772 shares of the technology company’s stock, valued at $454,000, after purchasing an additional 63 shares during the period. Institutional investors own 91.84% of the company’s stock.
Analyst upgrades and downgrades
Several analysts have recently issued reports on CYBR stock. JMP Securities reaffirmed their “market outperform” rating on shares of CyberArk Software and set a $310.00 price target in a research report on Monday, June 17th. DA Davidson increased their price target on shares of CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Canaccord Genuity Group lowered their price target on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a report on Monday, May 20th. Finally, Wedbush reaffirmed an “outperform” rating and set a $285.00 price target on shares of CyberArk Software in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and 23 have assigned a buy rating to the company. According to data from MarketBeat.com, CyberArk Software currently has an average rating of a “moderate buy” and an average price target of $270.83.
Check out CYBR’s latest research report
CyberArk Software Stock Performance
Shares of NASDAQ:CYBR opened trading at $258.00 on Friday. CyberArk Software Inc.’s 52-week low is $142.92 and its 52-week high is $283.00. The company’s 50-day moving average is $241.05 and its 200-day moving average is $240.97. The company has a market cap of $10.9 billion, a P/E ratio of -403.13 and a beta of 1.08.
CyberArk Software (NASDAQ:CYBR – Get free report ) last released its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.67. CyberArk Software had a return on equity of -2.51% and a net margin of -3.20%. Revenues for the quarter were $221.55 million, compared to analysts’ expectations of $213.42 million. Research analysts expect CyberArk Software to post earnings per share of -$1.24 for the year.
About CyberArk Software
(Free report)
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. The company’s solutions include Privileged Access Manager, which provides risk-based credential security and sessions; Vendor Privileged Access Manager, which combines Privileged Access Manager with 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 protects endpoint privileges; and Secure Desktop, a solution that protects access to endpoints.
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