MCF Advisors LLC Purchases 347 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

MCF Advisors LLC increased its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 1,577.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 369 shares of the technology company’s stock after purchasing an additional 347 shares during the quarter. MCF Advisors LLC’s holdings in CyberArk Software were worth $123,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of CYBR. Coldstream Capital Management Inc. grew its stake in CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after purchasing an additional 42 shares during the last quarter. Greenleaf Trust boosted its holdings in shares of CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after buying an additional 45 shares in the last quarter. Signaturefd LLC raised its stake in shares of CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after acquiring an additional 49 shares in the last quarter. Austin Private Wealth LLC raised its stake in shares of CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after acquiring an additional 52 shares in the last quarter. Finally, Juncture Wealth Strategies LLC raised its stake in shares of CyberArk Software by 2.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock worth $825,000 after acquiring an additional 57 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.9 %

NASDAQ:CYBR opened at $358.63 on Thursday. The stock has a market capitalization of $15.63 billion, a PE ratio of 1,328.31 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $364.18. The stock’s 50-day moving average price is $326.34 and its 200-day moving average price is $294.20.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the company earned ($0.31) earnings per share. Sell-side analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Needham & Company LLC boosted their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. Cantor Fitzgerald reiterated an “overweight” rating and set a $335.00 price objective on shares of CyberArk Software in a research note on Thursday, November 14th. Wedbush boosted their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Citigroup boosted their price objective on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. Finally, Mizuho boosted their price objective on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and an average target price of $358.74.

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.