Whalen Wealth Management Inc. Acquires Shares of 741 CyberArk Software Ltd. (NASDAQ:CYBR)

Whalen Wealth Management Inc. bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 741 shares of the technology company’s stock, valued at approximately $247,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC acquired a new stake in CyberArk Software in the third quarter valued at $82,485,000. Clearbridge Investments LLC raised its stake in shares of CyberArk Software by 250.0% in the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after purchasing an additional 160,269 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of CyberArk Software by 97.5% in the 4th quarter. SG Americas Securities LLC now owns 167,759 shares of the technology company’s stock valued at $55,889,000 after purchasing an additional 82,812 shares in the last quarter. Point72 Asset Management L.P. lifted its position in shares of CyberArk Software by 89.2% during the second quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock worth $45,745,000 after purchasing an additional 78,887 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its stake in CyberArk Software by 45.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 171,893 shares of the technology company’s stock worth $50,126,000 after purchasing an additional 53,502 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 0.9 %

CYBR stock opened at $358.63 on Thursday. The firm’s 50-day moving average is $326.34 and its two-hundred day moving average is $294.20. 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. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $364.18.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.31) earnings per share. On average, equities research analysts predict that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts have commented on CYBR shares. JMP Securities reaffirmed a “market outperform” rating and set a $360.00 target price on shares of CyberArk Software in a report on Tuesday, January 14th. Susquehanna raised their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $316.00 price objective on shares of CyberArk Software in a report on Tuesday, December 31st. Oppenheimer increased their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Finally, Wedbush lifted their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.