Total Clarity Wealth Management Inc. acquired a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 1,050 shares of the technology company’s stock, valued at approximately $136,000.
Other large investors also recently made changes to their positions in the company. Taylor Frigon Capital Management LLC raised its stake in CyberArk Software by 46.4% during the first quarter. Taylor Frigon Capital Management LLC now owns 47,394 shares of the technology company’s stock valued at $6,130,000 after buying an additional 15,015 shares during the last quarter. Primecap Management Co. CA increased its holdings in shares of CyberArk Software by 34.0% in the 4th quarter. Primecap Management Co. CA now owns 89,300 shares of the technology company’s stock worth $14,430,000 after purchasing an additional 22,650 shares in the last quarter. SOA Wealth Advisors LLC. bought a new stake in shares of CyberArk Software in the 4th quarter worth $3,233,000. Associated Banc Corp bought a new stake in shares of CyberArk Software in the 4th quarter worth $214,000. Finally, RPG Investment Advisory LLC increased its holdings in shares of CyberArk Software by 3.8% in the 4th quarter. RPG Investment Advisory LLC now owns 65,072 shares of the technology company’s stock worth $10,515,000 after purchasing an additional 2,363 shares in the last quarter. Institutional investors and hedge funds own 83.67% of the company’s stock.
A number of research firms have commented on CYBR. Wedbush reduced their target price on CyberArk Software from $185.00 to $150.00 and set an “outperform” rating for the company in a report on Thursday, May 6th. Zacks Investment Research lowered CyberArk Software from a “hold” rating to a “sell” rating and set a $146.00 target price for the company. in a report on Tuesday, April 13th. The Goldman Sachs Group reduced their target price on CyberArk Software from $176.00 to $158.00 and set a “neutral” rating for the company in a report on Thursday. Mizuho lifted their price objective on CyberArk Software from $175.00 to $185.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Finally, UBS Group raised CyberArk Software from a “neutral” rating to a “buy” rating in a report on Friday, January 29th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eleven have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $162.67.
CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, May 5th. The technology company reported $0.09 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.33) by $0.42. CyberArk Software had a return on equity of 4.34% and a net margin of 0.65%. The business had revenue of $112.80 million during the quarter, compared to analyst estimates of $109.89 million. During the same quarter in the previous year, the company posted $0.50 earnings per share. CyberArk Software’s revenue for the quarter was up 5.6% on a year-over-year basis. Equities analysts forecast that CyberArk Software Ltd. will post 0.37 earnings per share for the current fiscal year.
CyberArk Software Profile
CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager, which combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS service that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.
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