46,025 Shares in CyberArk Software Ltd. $CYBR Bought by GABELLI & Co INVESTMENT ADVISERS INC.

GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the third quarter, Holdings Channel.com reports. The institutional investor purchased 46,025 shares of the technology company’s stock, valued at approximately $22,237,000. CyberArk Software accounts for 3.6% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 4th largest holding.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sheets Smith Wealth Management boosted its position in shares of CyberArk Software by 0.7% during the 3rd quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock worth $1,518,000 after purchasing an additional 23 shares in the last quarter. Portside Wealth Group LLC boosted its holdings in CyberArk Software by 1.1% in the third quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock worth $989,000 after acquiring an additional 23 shares in the last quarter. Signal Advisors Wealth LLC grew its stake in CyberArk Software by 0.6% in the third quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock valued at $1,892,000 after acquiring an additional 24 shares during the period. Level Four Advisory Services LLC increased its holdings in shares of CyberArk Software by 0.6% during the third quarter. Level Four Advisory Services LLC now owns 3,884 shares of the technology company’s stock valued at $1,877,000 after acquiring an additional 25 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of CyberArk Software by 50.0% during the third quarter. UMB Bank n.a. now owns 87 shares of the technology company’s stock worth $42,000 after purchasing an additional 29 shares during the period. 91.84% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. DA Davidson boosted their price target on shares of CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Piper Sandler set a $474.00 target price on shares of CyberArk Software in a research report on Wednesday, December 17th. Zacks Research upgraded shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Jefferies Financial Group cut shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Finally, Mizuho decreased their price objective on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a report on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software has a consensus rating of “Hold” and an average price target of $459.95.

CyberArk Software Stock Down 0.1%

CYBR opened at $408.85 on Friday. CyberArk Software Ltd. has a fifty-two week low of $288.63 and a fifty-two week high of $526.19. The firm has a market capitalization of $20.64 billion, a P/E ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The company’s 50-day moving average is $429.01 and its 200 day moving average is $459.45. The company has a debt-to-equity ratio of 0.51, a current ratio of 2.00 and a quick ratio of 2.14.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.15 by $0.18. CyberArk Software had a negative net margin of 10.79% and a positive return on equity of 0.77%. The firm had revenue of $372.65 million during the quarter, compared to analyst estimates of $377.22 million. During the same quarter last year, the business posted $0.80 EPS. The company’s revenue for the quarter was up 18.5% on a year-over-year basis. Research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

CyberArk Software Company Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.