1,348 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Purchased by Cynosure Group LLC

Cynosure Group LLC acquired a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the 3rd quarter, HoldingsChannel reports. The fund acquired 1,348 shares of the technology company’s stock, valued at approximately $393,000.

Several other institutional investors also recently bought and sold shares of the company. Greenleaf Trust boosted its stake in CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after buying an additional 45 shares during the last quarter. Signaturefd LLC raised its holdings in shares of CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after acquiring an additional 49 shares during the period. Austin Private Wealth LLC raised its holdings in shares of CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after acquiring an additional 52 shares during the period. Arcadia Investment Management Corp MI boosted its position in shares of CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the last quarter. Finally, Juncture Wealth Strategies LLC grew its holdings in shares of CyberArk Software by 2.1% in the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after purchasing an additional 57 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on CYBR. Scotiabank initiated coverage on shares of CyberArk Software in a research note on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price on the stock. BTIG Research lifted their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Susquehanna increased their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Jefferies Financial Group raised their target price on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Stock Down 2.8 %

NASDAQ CYBR opened at $318.78 on Thursday. CyberArk Software Ltd. has a 52 week low of $192.57 and a 52 week high of $332.05. The firm has a 50 day moving average of $293.31 and a two-hundred day moving average of $272.07. The stock has a market capitalization of $13.89 billion, a PE ratio of 1,180.71 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year. On average, equities research analysts expect that CyberArk Software Ltd. will post -0.62 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.