SG Americas Securities LLC Buys 82,812 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

SG Americas Securities LLC boosted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 97.5% during the 4th quarter, Holdings Channel reports. The firm owned 167,759 shares of the technology company’s stock after acquiring an additional 82,812 shares during the period. SG Americas Securities LLC’s holdings in CyberArk Software were worth $55,889,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software during the 4th quarter valued at $25,000. Assetmark Inc. increased its position in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of CyberArk Software during the 3rd quarter valued at about $51,000. Kieckhefer Group LLC bought a new position in shares of CyberArk Software during the 4th quarter valued at about $67,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in CyberArk Software during the 3rd quarter valued at about $87,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.9 %

CyberArk Software stock opened at $358.63 on Thursday. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $364.18. The company has a market capitalization of $15.63 billion, a price-to-earnings ratio of 1,328.31 and a beta of 1.13. The stock has a 50-day moving average price of $326.34 and a 200 day moving average price of $294.20.

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

Analyst Upgrades and Downgrades

CYBR has been the subject of several research analyst reports. Susquehanna increased their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. StockNews.com upgraded CyberArk Software from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Mizuho raised their price objective on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. KeyCorp lifted their target price on CyberArk Software from $355.00 to $400.00 and gave the stock an “overweight” rating in a report on Tuesday. Finally, Wells Fargo & Company lifted their target price on CyberArk Software from $350.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, January 2nd. One research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.74.

CyberArk Software Company 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.