665 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Purchased by Sigma Planning Corp

Sigma Planning Corp purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 665 shares of the technology company’s stock, valued at approximately $222,000.

Other large investors have also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software during the fourth quarter worth about $25,000. Assetmark Inc. increased its holdings in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares in the last quarter. Montag A & Associates Inc. increased its holdings in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares in the last quarter. Brown Lisle Cummings Inc. purchased a new position in CyberArk Software in the fourth quarter valued at about $50,000. Finally, Transcendent Capital Group LLC purchased a new position in CyberArk Software in the third quarter valued at about $51,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Up 3.4 %

Shares of CYBR opened at $363.85 on Friday. The firm has a market cap of $15.85 billion, a PE ratio of -186.59 and a beta of 1.15. The company’s fifty day moving average is $361.40 and its two-hundred day moving average is $316.77. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

CYBR has been the subject of a number of research analyst reports. Citigroup increased their target price on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a report on Friday, January 17th. Oppenheimer increased their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. JPMorgan Chase & Co. increased their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a report on Tuesday, February 11th. Royal Bank of Canada increased their target price on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $480.00 price target on shares of CyberArk Software in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $416.67.

CyberArk Software Company 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.