Benjamin Edwards Inc. Acquires 155 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Benjamin Edwards Inc. increased its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 12.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,417 shares of the technology company’s stock after buying an additional 155 shares during the period. Benjamin Edwards Inc.’s holdings in CyberArk Software were worth $310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Assetmark Inc. boosted its position in shares of CyberArk Software by 62.1% during the 3rd quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock worth $41,000 after acquiring an additional 95 shares in the last quarter. Desjardins Global Asset Management Inc. increased its stake in shares of CyberArk Software by 22.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after purchasing an additional 51 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of CyberArk Software during the 3rd quarter worth $84,000. Blue Trust Inc. lifted its position in shares of CyberArk Software by 20.6% during the 4th quarter. Blue Trust Inc. now owns 562 shares of the technology company’s stock worth $123,000 after buying an additional 96 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in CyberArk Software by 14.9% in the fourth quarter. Pacer Advisors Inc. now owns 564 shares of the technology company’s stock valued at $124,000 after buying an additional 73 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Trading Down 2.7 %

NASDAQ:CYBR traded down $6.22 during trading hours on Friday, reaching $227.32. The company had a trading volume of 768,897 shares, compared to its average volume of 461,485. CyberArk Software Ltd. has a twelve month low of $125.15 and a twelve month high of $283.00. The business’s 50-day simple moving average is $254.41 and its two-hundred day simple moving average is $225.88.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 2.59% and a negative net margin of 3.20%. The business had revenue of $223.10 million during the quarter, compared to analyst estimates of $209.65 million. Analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on CYBR shares. Truist Financial increased their target price on shares of CyberArk Software from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Mizuho boosted their target price on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, February 9th. BTIG Research assumed coverage on CyberArk Software in a research note on Thursday, March 28th. They issued a “buy” rating and a $317.00 price target for the company. Citigroup boosted their price objective on CyberArk Software from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th. Finally, KeyCorp increased their target price on CyberArk Software from $274.00 to $305.00 and gave the company an “overweight” rating in a research report on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $265.63.

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.