CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Austin Private Wealth LLC

Austin Private Wealth LLC grew its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 6.8% in the 3rd quarter, Holdings Channel.com reports. The fund owned 815 shares of the technology company’s stock after purchasing an additional 52 shares during the quarter. Austin Private Wealth LLC’s holdings in CyberArk Software were worth $238,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the stock. Greenleaf Trust grew its holdings in CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after acquiring an additional 45 shares in the last quarter. Signaturefd LLC lifted its position in shares of CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after buying an additional 49 shares during the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after buying an additional 54 shares during the last quarter. Juncture Wealth Strategies LLC lifted its position in shares of CyberArk Software by 2.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock worth $825,000 after buying an additional 57 shares during the last quarter. Finally, Legato Capital Management LLC lifted its position in shares of CyberArk Software by 3.7% in the 2nd quarter. Legato Capital Management LLC now owns 1,940 shares of the technology company’s stock worth $530,000 after buying an additional 70 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the stock. Robert W. Baird raised their price target on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Citigroup lifted their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 9th. DA Davidson lifted their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 9th. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Monday. Finally, Cantor Fitzgerald lifted their price objective on shares of CyberArk Software from $300.00 to $335.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. One investment analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and an average target price of $311.44.

CyberArk Software Price Performance

CYBR stock opened at $280.19 on Wednesday. CyberArk Software Ltd. has a 52-week low of $174.04 and a 52-week high of $308.63. The company’s 50 day simple moving average is $282.11 and its 200-day simple moving average is $264.31. The firm has a market capitalization of $12.21 billion, a P/E ratio of -875.59 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. The firm had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.58) EPS. Sell-side analysts predict that CyberArk Software Ltd. will post -1.05 EPS for the current fiscal year.

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.