Pratt Collard Advisory Partners LLC bought a new position in shares of Cyberark Software Ltd (NASDAQ:CYBR) during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 3,000 shares of the technology company’s stock, valued at approximately $240,000.
A number of other hedge funds have also bought and sold shares of the business. Winslow Evans & Crocker Inc. acquired a new stake in shares of Cyberark Software in the 3rd quarter valued at about $214,000. FundX Investment Group LLC acquired a new stake in shares of Cyberark Software in the 2nd quarter valued at about $220,000. Russell Investments Group Ltd. acquired a new stake in shares of Cyberark Software in the 2nd quarter valued at about $238,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Cyberark Software in the 2nd quarter valued at about $276,000. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Cyberark Software in the 1st quarter valued at about $228,000. Hedge funds and other institutional investors own 76.90% of the company’s stock.
Shares of NASDAQ:CYBR traded up $0.27 during midday trading on Friday, reaching $70.33. The company had a trading volume of 24,996 shares, compared to its average volume of 575,260. The company has a market cap of $2.53 billion, a P/E ratio of 96.47, a P/E/G ratio of 4.71 and a beta of 2.06. Cyberark Software Ltd has a 1-year low of $40.63 and a 1-year high of $81.24.
Cyberark Software (NASDAQ:CYBR) last released its earnings results on Tuesday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.12. The business had revenue of $77.71 million for the quarter, compared to the consensus estimate of $72.93 million. Cyberark Software had a return on equity of 7.67% and a net margin of 6.80%. Research analysts anticipate that Cyberark Software Ltd will post 0.76 EPS for the current year.
Several research firms have issued reports on CYBR. Morgan Stanley set a $91.00 price target on Cyberark Software and gave the company a “buy” rating in a research note on Friday. Wedbush began coverage on Cyberark Software in a research note on Thursday. They issued an “outperform” rating and a $85.00 price target on the stock. BidaskClub raised Cyberark Software from a “hold” rating to a “buy” rating in a research note on Monday, October 1st. Piper Jaffray Companies lifted their price target on Cyberark Software to $90.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. Finally, Zacks Investment Research downgraded Cyberark Software from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Six equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has issued a strong buy rating to the company. Cyberark Software has an average rating of “Buy” and a consensus target price of $73.88.
Cyberark Software Company Profile
CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.
Further Reading: Average Daily Trade Volume – What You Need to Know
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