B. Riley Wealth Advisors Inc. Buys 1,794 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

B. Riley Wealth Advisors Inc. increased its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 121.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,277 shares of the technology company’s stock after acquiring an additional 1,794 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in CyberArk Software were worth $718,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CYBR. Desjardins Global Asset Management Inc. grew its position in CyberArk Software by 22.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock valued at $62,000 after purchasing an additional 51 shares during the period. Signaturefd LLC grew its position in CyberArk Software by 6.6% in the 4th quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock valued at $190,000 after purchasing an additional 54 shares during the period. HighTower Advisors LLC grew its position in CyberArk Software by 1.1% in the 3rd quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock valued at $894,000 after purchasing an additional 60 shares during the period. Wealth Alliance grew its position in CyberArk Software by 2.6% in the 4th quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock valued at $526,000 after purchasing an additional 60 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in CyberArk Software by 2.3% in the 3rd quarter. PNC Financial Services Group Inc. now owns 2,772 shares of the technology company’s stock valued at $454,000 after purchasing an additional 63 shares during the period. Institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CYBR shares. JMP Securities reissued a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a research report on Monday, June 17th. DA Davidson lifted their price target on shares of CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Canaccord Genuity Group cut their price objective on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a report on Monday, May 20th. Finally, Wedbush reaffirmed an “outperform” rating and set a $285.00 price objective on shares of CyberArk Software in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and an average price target of $270.83.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $258.00 on Friday. CyberArk Software Ltd. has a fifty-two week low of $142.92 and a fifty-two week high of $283.00. The company’s 50-day moving average is $241.05 and its 200 day moving average is $240.97. The company has a market capitalization of $10.90 billion, a P/E ratio of -403.13 and a beta of 1.08.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The business had revenue of $221.55 million for the quarter, compared to analysts’ expectations of $213.42 million. As a group, research analysts predict that CyberArk Software Ltd. will post -1.24 earnings per share for the current year.

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.