CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 37.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 689 shares of the technology company’s stock after buying an additional 189 shares during the period. Arcadia Investment Management Corp MI’s holdings in CyberArk Software were worth $230,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in CYBR. Nepsis Inc. boosted its position in shares of CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after buying an additional 505,088 shares during the period. Jennison Associates LLC lifted its position in CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after purchasing an additional 391,900 shares during the period. Allspring Global Investments Holdings LLC lifted its position in CyberArk Software by 195.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock worth $170,614,000 after purchasing an additional 336,462 shares during the period. International Assets Investment Management LLC acquired a new stake in CyberArk Software in the third quarter worth approximately $82,485,000. Finally, Swedbank AB lifted its position in CyberArk Software by 19.0% in the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock worth $181,600,000 after purchasing an additional 87,201 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $400.97 on Friday. The business has a 50 day simple moving average of $355.03 and a 200 day simple moving average of $312.10. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $421.00. The stock has a market cap of $17.47 billion, a price-to-earnings ratio of -205.63 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.14) 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%. On average, analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CYBR shares. Wells Fargo & Company upped their target price on CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Rosenblatt Securities upped their target price on CyberArk Software from $415.00 to $445.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Robert W. Baird upped their target price on CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a research report on Monday, January 27th. Finally, Truist Financial upped their target price on CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $401.67.

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.