Alta Wealth Advisors LLC Takes $507,000 Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Alta Wealth Advisors LLC bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,522 shares of the technology company’s stock, valued at approximately $507,000.

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

Wall Street Analyst Weigh In

CYBR has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “equal weight” rating and issued a $316.00 target price on shares of CyberArk Software in a report on Tuesday, December 31st. Royal Bank of Canada upped their price objective on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Needham & Company LLC lifted their target price on CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. JMP Securities restated a “market outperform” rating and set a $360.00 price target on shares of CyberArk Software in a research report on Tuesday, January 14th. Finally, BTIG Research lifted their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $367.44.

CyberArk Software Stock Up 0.8 %

NASDAQ:CYBR opened at $371.63 on Friday. CyberArk Software Ltd. has a twelve month low of $223.09 and a twelve month high of $377.22. The stock has a market cap of $16.19 billion, a P/E ratio of 1,376.46 and a beta of 1.13. The business’s 50-day moving average price is $333.24 and its two-hundred day moving average price is $297.93.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating 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 business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same period in the previous year, the business posted ($0.31) earnings per share. CyberArk Software’s revenue for the quarter was up 25.6% on a year-over-year basis. On average, equities research analysts expect that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

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.