Blue Trust Inc. Has $452,000 Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Blue Trust Inc. boosted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 17.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,356 shares of the technology company’s stock after purchasing an additional 201 shares during the quarter. Blue Trust Inc.’s holdings in CyberArk Software were worth $452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software in the 4th quarter valued at about $25,000. Assetmark Inc. raised 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 valued at $39,000 after purchasing an additional 123 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in CyberArk Software during the third quarter worth $51,000. Kieckhefer Group LLC acquired a new stake in shares of CyberArk Software in the 4th quarter valued at $67,000. Finally, Future Financial Wealth Managment LLC bought a new position in shares of CyberArk Software in the 3rd quarter valued at $87,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CYBR opened at $370.98 on Friday. The firm has a market cap of $16.16 billion, a PE ratio of 1,374.05 and a beta of 1.13. CyberArk Software Ltd. has a 52-week low of $223.09 and a 52-week high of $378.62. The business’s 50 day moving average price is $335.12 and its two-hundred day moving average price is $299.11.

CyberArk Software (NASDAQ:CYBR) last issued its 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. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same period in the prior year, the firm earned ($0.31) earnings per share. CyberArk Software’s revenue was up 25.6% on a year-over-year basis. Research analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on CYBR shares. KeyCorp raised their price objective on CyberArk Software from $355.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Wells Fargo & Company raised their price target on shares of CyberArk Software from $410.00 to $425.00 and gave the company an “overweight” rating in a research note on Monday, January 27th. BTIG Research upped their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. DA Davidson raised their target price on shares of CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. Finally, Scotiabank upped their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $367.44.

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.