Capital Market Strategies LLC Invests $827,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Capital Market Strategies LLC bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 2,481 shares of the technology company’s stock, valued at approximately $827,000.

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. raised its stake in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares during the period. Transcendent Capital Group LLC bought a new position in shares of CyberArk Software in the third quarter valued at approximately $51,000. Future Financial Wealth Managment LLC purchased a new position in shares of CyberArk Software during the third quarter valued at approximately $87,000. Centaurus Financial Inc. bought a new stake in CyberArk Software during the second quarter worth $109,000. Finally, Cullen Frost Bankers Inc. purchased a new stake in CyberArk Software in the 2nd quarter valued at $129,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Wells Fargo & Company upped their target price on shares of CyberArk Software from $350.00 to $410.00 and gave the stock an “overweight” rating in a research note on Thursday. Wedbush increased their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Stifel Nicolaus boosted their target price on CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $335.00 price target on shares of CyberArk Software in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. boosted their price objective on CyberArk Software from $355.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $346.52.

CyberArk Software Stock Up 1.1 %

Shares of CyberArk Software stock traded up $3.87 during trading on Monday, hitting $343.34. 199,976 shares of the stock traded hands, compared to its average volume of 438,147. The stock has a market cap of $14.96 billion, a price-to-earnings ratio of 1,271.68 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $213.05 and a 52 week high of $348.24. The firm’s fifty day moving average is $311.92 and its 200-day moving average is $287.20.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. During the same period last year, the firm posted ($0.31) earnings per share. The business’s revenue was up 25.6% compared to the same quarter last year. On average, analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share 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.