CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 1,718.4% during the fourth quarter, Holdings Channel.com reports. The fund owned 891 shares of the technology company’s stock after purchasing an additional 842 shares during the quarter. Smartleaf Asset Management LLC’s holdings in CyberArk Software were worth $285,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software in the 4th quarter valued at about $25,000. Montag A & Associates Inc. raised its holdings in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the period. Assetmark Inc. lifted its position in 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 buying an additional 123 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new stake in CyberArk Software during the fourth quarter worth approximately $50,000. Finally, Transcendent Capital Group LLC acquired a new stake in shares of CyberArk Software in the third quarter worth $51,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

CYBR has been the topic of several recent research reports. Piper Sandler lifted their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. DA Davidson restated a “buy” rating and set a $475.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Royal Bank of Canada upped their target price on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Wells Fargo & Company raised their target price on CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, JPMorgan Chase & Co. boosted their price target on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $418.15.

CyberArk Software Stock Up 2.2 %

CYBR opened at $361.97 on Thursday. The company’s 50-day moving average price is $363.60 and its 200 day moving average price is $318.74. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The firm has a market cap of $15.77 billion, a price-to-earnings ratio of -185.63 and a beta of 1.15.

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