Resonant Capital Advisors LLC Invests $228,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Resonant Capital Advisors LLC purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 685 shares of the technology company’s stock, valued at approximately $228,000.

A number of other large investors have also recently bought and sold shares of the company. Coldstream Capital Management Inc. lifted its holdings in CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after acquiring an additional 42 shares during the period. Greenleaf Trust increased its position in shares of 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 purchasing an additional 45 shares in the last quarter. Signaturefd LLC grew its holdings in CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after buying an additional 49 shares in the last quarter. Austin Private Wealth LLC grew its holdings in CyberArk Software by 6.8% in the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after buying an additional 52 shares in the last quarter. Finally, Juncture Wealth Strategies LLC grew its holdings in CyberArk Software by 2.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after buying an additional 57 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.3 %

Shares of NASDAQ:CYBR opened at $372.00 on Tuesday. The company’s fifty day moving average is $335.12 and its two-hundred day moving average is $299.49. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $378.62. The company has a market cap of $16.21 billion, a P/E ratio of 1,377.83 and a beta of 1.15.

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 company had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. During the same period in the previous year, the business earned ($0.31) EPS. The company’s revenue was up 25.6% on a year-over-year basis. Equities research analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have issued reports on CYBR shares. Rosenblatt Securities upped their target price on CyberArk Software from $345.00 to $415.00 and gave the company a “buy” rating in a report on Thursday, January 30th. Morgan Stanley restated an “equal weight” rating and issued a $316.00 target price on shares of CyberArk Software in a report on Tuesday, December 31st. JPMorgan Chase & Co. upped their target price on CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, December 16th. KeyCorp upped their target price on CyberArk Software from $355.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Finally, JMP Securities restated a “market outperform” rating and issued a $360.00 target price on shares of CyberArk Software in a report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $367.44.

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.