Cwm LLC purchased a new stake in Cyberark Software Ltd (NASDAQ:CYBR) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,100 shares of the technology company’s stock, valued at approximately $248,000.
A number of other hedge funds have also modified their holdings of the business. Sawtooth Solutions LLC acquired a new position in shares of Cyberark Software during the 3rd quarter worth about $207,000. Winslow Evans & Crocker Inc. acquired a new position in Cyberark Software in the 3rd quarter valued at about $214,000. FundX Investment Group LLC acquired a new position in Cyberark Software in the 2nd quarter valued at about $220,000. Creative Planning acquired a new position in Cyberark Software in the 3rd quarter valued at about $224,000. Finally, Allianz Asset Management GmbH acquired a new position in Cyberark Software in the 1st quarter valued at about $228,000. Hedge funds and other institutional investors own 77.36% of the company’s stock.
NASDAQ CYBR opened at $67.47 on Tuesday. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 87.09, a price-to-earnings-growth ratio of 4.51 and a beta of 2.08. Cyberark Software Ltd has a 12-month low of $40.63 and a 12-month high of $81.24.
Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings data on Tuesday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.12. The firm had revenue of $77.71 million during the quarter, compared to the consensus estimate of $72.93 million. Cyberark Software had a net margin of 6.80% and a return on equity of 7.67%. On average, equities research analysts expect that Cyberark Software Ltd will post 0.76 earnings per share for the current fiscal year.
A number of brokerages recently commented on CYBR. BidaskClub upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating in a research note on Monday, October 1st. Piper Jaffray Companies upped their price target on shares of Cyberark Software to $90.00 and gave the company an “overweight” rating in a research note on Monday, September 17th. Morgan Stanley upgraded shares of Cyberark Software from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $71.00 to $92.00 in a research note on Thursday, September 27th. Zacks Investment Research lowered shares of Cyberark Software from a “buy” rating to a “hold” rating in a research note on Monday, August 13th. Finally, TheStreet upgraded shares of Cyberark Software from a “c+” rating to a “b-” rating in a research note on Thursday, August 9th. Six analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $73.88.
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Cyberark Software 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.
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