Park Avenue Securities LLC Acquires 887 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Park Avenue Securities LLC raised its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 27.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,092 shares of the technology company’s stock after buying an additional 887 shares during the quarter. Park Avenue Securities LLC’s holdings in CyberArk Software were worth $1,363,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Assetmark Inc. raised its stake in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in shares of CyberArk Software during the third quarter valued at about $51,000. Kieckhefer Group LLC bought a new stake in shares of CyberArk Software in the fourth quarter valued at about $67,000. Future Financial Wealth Managment LLC acquired a new stake in CyberArk Software during the third quarter worth about $87,000. Finally, Centaurus Financial Inc. acquired a new stake in CyberArk Software during the second quarter worth about $109,000. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on CYBR shares. JMP Securities reiterated a “market outperform” rating and issued a $360.00 price objective on shares of CyberArk Software in a research report on Tuesday, January 14th. Jefferies Financial Group raised their target price on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Piper Sandler boosted their price target on shares of CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Morgan Stanley restated an “equal weight” rating and issued a $316.00 price objective on shares of CyberArk Software in a research note on Tuesday, December 31st. Finally, JPMorgan Chase & Co. lifted their target price on shares of CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a research report on Monday, December 16th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $353.93.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $352.22 on Monday. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $363.00. The stock has a market capitalization of $15.35 billion, a P/E ratio of 1,304.57 and a beta of 1.13. The stock has a fifty day moving average of $324.09 and a 200-day moving average of $293.06.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same period last year, the company earned ($0.31) earnings per share. The company’s revenue was up 25.6% on a year-over-year basis. Equities research analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal 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.