Geneos Wealth Management Inc. Buys 1,143 Shares of CyberArk Software Ltd. $CYBR

Geneos Wealth Management Inc. raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 5.8% during the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 20,861 shares of the technology company’s stock after purchasing an additional 1,143 shares during the quarter. Geneos Wealth Management Inc.’s holdings in CyberArk Software were worth $10,079,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Opal Wealth Advisors LLC acquired a new stake in CyberArk Software during the second quarter worth about $30,000. NewSquare Capital LLC raised its holdings in CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after acquiring an additional 32 shares in the last quarter. AlphaCore Capital LLC bought a new stake in shares of CyberArk Software in the 2nd quarter worth approximately $33,000. Promus Capital LLC acquired a new stake in shares of CyberArk Software during the 2nd quarter worth approximately $48,000. Finally, GAMMA Investing LLC grew its holdings in shares of CyberArk Software by 116.1% during the 3rd quarter. GAMMA Investing LLC now owns 121 shares of the technology company’s stock worth $58,000 after purchasing an additional 65 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analysts Set New Price Targets

CYBR has been the subject of a number of recent research reports. Citizens Jmp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Sunday, November 30th. Piper Sandler set a $474.00 price objective on shares of CyberArk Software in a report on Wednesday, December 17th. Canaccord Genuity Group lowered shares of CyberArk Software from a “buy” rating to a “hold” rating and lifted their target price for the company from $440.00 to $502.00 in a research report on Wednesday, October 15th. Finally, DA Davidson reissued a “buy” rating and issued a $518.00 target price on shares of CyberArk Software in a research note on Friday, November 7th. Six investment analysts have rated the stock with a Buy rating, twenty-five have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $462.63.

CyberArk Software Stock Up 1.4%

Shares of NASDAQ:CYBR opened at $441.46 on Tuesday. The company’s fifty day moving average is $470.50 and its 200-day moving average is $451.67. The company has a debt-to-equity ratio of 0.52, a quick ratio of 2.14 and a current ratio of 2.14. CyberArk Software Ltd. has a 52 week low of $288.63 and a 52 week high of $526.19. The company has a market capitalization of $22.28 billion, a PE ratio of -95.76, a P/E/G ratio of 20.23 and a beta of 0.92.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.28. The firm had revenue of $342.84 million during the quarter, compared to the consensus estimate of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same period last year, the firm posted $0.94 EPS. Equities research analysts predict that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

About CyberArk Software

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.