Central Pacific Bank Trust Division Buys Shares of 2,581 CyberArk Software Ltd. (NASDAQ:CYBR)

Central Pacific Bank Trust Division purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 2,581 shares of the technology company’s stock, valued at approximately $860,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Assetmark Inc. increased its position in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares during the last quarter. Arcadia Investment Management Corp MI increased its holdings in shares of CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of CyberArk Software in the 3rd quarter valued at approximately $51,000. Future Financial Wealth Managment LLC acquired a new stake in CyberArk Software in the 3rd quarter worth approximately $87,000. Finally, Centaurus Financial Inc. bought a new stake in CyberArk Software during the second quarter worth approximately $109,000. Institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the stock. Royal Bank of Canada boosted their price objective on shares of CyberArk Software from $358.00 to $385.00 and gave the stock an “outperform” rating in a research note on Friday. Piper Sandler boosted their target price on shares of CyberArk Software from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $335.00 price target on shares of CyberArk Software in a research report on Thursday, November 14th. Mizuho boosted their price objective on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, KeyCorp raised their target price on CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $345.22.

CyberArk Software Stock Performance

CyberArk Software stock opened at $339.47 on Friday. The business’s fifty day moving average is $311.92 and its two-hundred day moving average is $286.97. The firm has a market cap of $14.79 billion, a P/E ratio of 1,257.34 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $209.50 and a 52 week high of $348.02.

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

CyberArk Software Company 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.