Tidal Investments LLC Has $8.98 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Tidal Investments LLC lifted its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 1,702.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 33,787 shares of the technology company’s stock after acquiring an additional 31,912 shares during the period. Tidal Investments LLC owned approximately 0.08% of CyberArk Software worth $8,975,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CYBR. California State Teachers Retirement System increased its stake in CyberArk Software by 11.1% during the first quarter. California State Teachers Retirement System now owns 37,875 shares of the technology company’s stock valued at $10,061,000 after acquiring an additional 3,782 shares during the period. Grandeur Peak Global Advisors LLC bought a new position in CyberArk Software in the first quarter worth $24,460,000. Kodai Capital Management LP acquired a new stake in CyberArk Software during the first quarter worth $11,703,000. Bayesian Capital Management LP increased its holdings in CyberArk Software by 105.6% in the 1st quarter. Bayesian Capital Management LP now owns 9,736 shares of the technology company’s stock valued at $2,586,000 after buying an additional 5,000 shares during the period. Finally, Whale Rock Capital Management LLC raised its stake in shares of CyberArk Software by 21.6% in the 1st quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock valued at $122,144,000 after buying an additional 81,801 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Down 1.3 %

Shares of CyberArk Software stock traded down $3.39 during trading on Thursday, reaching $252.99. 96,259 shares of the company were exchanged, compared to its average volume of 543,640. CyberArk Software Ltd. has a twelve month low of $142.92 and a twelve month high of $284.10. The business has a 50-day moving average price of $256.19 and a 200-day moving average price of $251.66. The firm has a market capitalization of $10.69 billion, a price-to-earnings ratio of -402.03 and a beta of 1.14.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. The company had revenue of $221.55 million during 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%. On average, equities research analysts forecast that CyberArk Software Ltd. will post -1.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently weighed in on CYBR shares. Barclays upped their target price on shares of CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price target on shares of CyberArk Software in a research report on Monday, July 22nd. JMP Securities reissued a “market outperform” rating and set a $310.00 price objective on shares of CyberArk Software in a report on Monday, June 17th. Canaccord Genuity Group lowered their target price on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Finally, Wedbush reissued an “outperform” rating and set a $285.00 price target on shares of CyberArk Software in a report on Friday, May 3rd. Two 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, the stock presently has an average rating of “Moderate Buy” and an average target price of $280.63.

CyberArk Software 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.