KRS Capital Management LLC Acquires 240 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

KRS Capital Management LLC grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.4% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,800 shares of the technology company’s stock after acquiring an additional 240 shares during the quarter. KRS Capital Management LLC’s holdings in CyberArk Software were worth $744,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jennison Associates LLC lifted its position in CyberArk Software by 81.4% during the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock worth $230,871,000 after purchasing an additional 472,961 shares during the period. Polar Capital Holdings Plc lifted its position in CyberArk Software by 15.4% during the third quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company’s stock worth $97,412,000 after purchasing an additional 79,506 shares during the period. Norges Bank bought a new stake in CyberArk Software during the fourth quarter worth about $100,797,000. Global Assets Advisory LLC acquired a new position in CyberArk Software during the first quarter worth about $67,736,000. Finally, Contour Asset Management LLC acquired a new position in CyberArk Software during the fourth quarter worth about $48,605,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CYBR traded up $3.02 during trading hours on Friday, reaching $273.42. 499,116 shares of the company’s stock traded hands, compared to its average volume of 559,943. The firm’s 50 day simple moving average is $243.93 and its 200-day simple moving average is $243.21. CyberArk Software Ltd. has a 12 month low of $142.92 and a 12 month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. The company had revenue of $221.55 million for the quarter, compared to analysts’ expectations of $213.42 million. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. As a group, equities analysts forecast that CyberArk Software Ltd. will post -1.24 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have commented on CYBR. Rosenblatt Securities reissued a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research note on Wednesday, May 1st. Canaccord Genuity Group lowered their price objective on CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Friday, June 21st. BTIG Research began coverage on CyberArk Software in a research note on Thursday, March 28th. They issued a “buy” rating and a $317.00 price objective for the company. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Monday, June 17th. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus target price of $275.00.

About CyberArk Software

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.