Sequoia Financial Advisors LLC Invests $252,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Sequoia Financial Advisors LLC acquired a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 756 shares of the technology company’s stock, valued at approximately $252,000.

A number of other hedge funds have also modified their holdings of CYBR. Oppenheimer & Co. Inc. increased its stake in shares of CyberArk Software by 87.7% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 3,155 shares of the technology company’s stock worth $920,000 after purchasing an additional 1,474 shares in the last quarter. CIBC Asset Management Inc increased its stake in shares of CyberArk Software by 6.4% during the 3rd quarter. CIBC Asset Management Inc now owns 4,059 shares of the technology company’s stock worth $1,184,000 after purchasing an additional 245 shares in the last quarter. Natixis Advisors LLC increased its stake in shares of CyberArk Software by 2.3% during the 3rd quarter. Natixis Advisors LLC now owns 61,153 shares of the technology company’s stock worth $17,833,000 after purchasing an additional 1,388 shares in the last quarter. Thrivent Financial for Lutherans increased its stake in shares of CyberArk Software by 2.1% during the 3rd quarter. Thrivent Financial for Lutherans now owns 101,926 shares of the technology company’s stock worth $29,723,000 after purchasing an additional 2,059 shares in the last quarter. Finally, Swiss National Bank increased its stake in shares of CyberArk Software by 2.5% during the 3rd quarter. Swiss National Bank now owns 128,700 shares of the technology company’s stock worth $37,530,000 after purchasing an additional 3,100 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CYBR has been the topic of a number of analyst reports. Piper Sandler raised their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Stifel Nicolaus raised their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Guggenheim restated a “buy” rating and set a $455.00 target price on shares of CyberArk Software in a research report on Tuesday, February 25th. Finally, Rosenblatt Securities restated a “buy” rating and set a $445.00 target price on shares of CyberArk Software in a research report on Wednesday, February 26th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Stock Performance

CYBR opened at $348.35 on Thursday. The company has a 50-day moving average of $363.96 and a 200-day moving average of $322.50. The company has a market capitalization of $17.22 billion, a P/E ratio of -178.64 and a beta of 1.06. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, sell-side 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., 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.