Exchange Traded Concepts LLC Raises Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Exchange Traded Concepts LLC grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 32.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,571 shares of the technology company’s stock after buying an additional 2,357 shares during the quarter. Exchange Traded Concepts LLC’s holdings in CyberArk Software were worth $3,189,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software during the fourth quarter valued at approximately $25,000. Assetmark Inc. grew its position in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the period. Transcendent Capital Group LLC purchased a new stake in CyberArk Software during the 3rd quarter valued at $51,000. Kieckhefer Group LLC bought a new position in shares of CyberArk Software during the 4th quarter valued at $67,000. Finally, Future Financial Wealth Managment LLC purchased a new position in shares of CyberArk Software in the 3rd quarter worth $87,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 0.2 %

Shares of CyberArk Software stock opened at $359.72 on Friday. CyberArk Software Ltd. has a 12 month low of $223.09 and a 12 month high of $366.48. The stock has a 50 day moving average of $329.93 and a 200 day moving average of $295.88. The firm has a market cap of $15.67 billion, a PE ratio of 1,332.35 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.31) EPS. As a group, equities research analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on CYBR shares. Citigroup upped their price objective on CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Oppenheimer raised their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Wedbush upped their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. JMP Securities reiterated a “market outperform” rating and issued a $360.00 price target on shares of CyberArk Software in a research report on Tuesday, January 14th. Finally, Wells Fargo & Company boosted their price objective on shares of CyberArk Software from $350.00 to $410.00 and gave the company an “overweight” rating in a research report on Thursday, January 2nd. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $358.74.

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.