Crumly & Associates Inc. Increases Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Crumly & Associates Inc. raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 7.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,802 shares of the technology company’s stock after purchasing an additional 118 shares during the period. Crumly & Associates Inc.’s holdings in CyberArk Software were worth $600,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Transcend Capital Advisors LLC lifted its position in CyberArk Software by 14.8% during the fourth quarter. Transcend Capital Advisors LLC now owns 1,192 shares of the technology company’s stock valued at $397,000 after buying an additional 154 shares during the period. Arcadia Investment Management Corp MI lifted its position in CyberArk Software by 37.8% during the fourth quarter. Arcadia Investment Management Corp MI now owns 689 shares of the technology company’s stock valued at $230,000 after buying an additional 189 shares during the period. TimesSquare Capital Management LLC increased its holdings in shares of CyberArk Software by 4.6% during the fourth quarter. TimesSquare Capital Management LLC now owns 560,353 shares of the technology company’s stock valued at $186,682,000 after acquiring an additional 24,805 shares in the last quarter. Atria Wealth Solutions Inc. increased its holdings in shares of CyberArk Software by 34.8% during the fourth quarter. Atria Wealth Solutions Inc. now owns 2,481 shares of the technology company’s stock valued at $827,000 after acquiring an additional 641 shares in the last quarter. Finally, Kornitzer Capital Management Inc. KS increased its holdings in shares of CyberArk Software by 10.8% during the fourth quarter. Kornitzer Capital Management Inc. KS now owns 50,190 shares of the technology company’s stock valued at $16,721,000 after acquiring an additional 4,890 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $400.97 on Friday. The stock’s 50-day simple moving average is $355.03 and its two-hundred day simple moving average is $312.10. CyberArk Software Ltd. has a 52-week low of $223.09 and a 52-week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. Equities analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CYBR shares. Barclays raised their price target on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Piper Sandler raised their price target on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Susquehanna raised their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Mizuho raised their price target on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $415.00 price target on shares of CyberArk Software in a report on Monday, January 27th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus price target of $401.67.

About CyberArk Software

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.