Diversified Trust Co Acquires 390 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Diversified Trust Co raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 11.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,831 shares of the technology company’s stock after acquiring an additional 390 shares during the quarter. Diversified Trust Co’s holdings in CyberArk Software were worth $1,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FinTrust Capital Advisors LLC purchased a new stake in shares of CyberArk Software during the 4th quarter worth $34,000. Central Bank & Trust Co. bought a new stake in shares of CyberArk Software in the 1st quarter valued at about $53,000. Desjardins Global Asset Management Inc. grew its position in shares of CyberArk Software by 22.1% in the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after buying an additional 51 shares during the last quarter. Future Financial Wealth Managment LLC bought a new position in shares of CyberArk Software during the 1st quarter worth approximately $80,000. Finally, Principal Securities Inc. purchased a new stake in CyberArk Software during the fourth quarter valued at approximately $100,000. Institutional investors own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on CYBR. Wedbush reaffirmed an “outperform” rating and issued a $285.00 price target on shares of CyberArk Software in a report on Friday, May 3rd. JMP Securities restated a “market outperform” rating and set a $310.00 target price on shares of CyberArk Software in a research note on Monday, June 17th. DA Davidson increased their price target on CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday, May 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $300.00 price target on shares of CyberArk Software in a research note on Friday, June 21st. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Monday, May 20th. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $275.00.

CyberArk Software Price Performance

Shares of NASDAQ CYBR opened at $269.67 on Tuesday. The firm’s 50 day simple moving average is $244.63 and its 200-day simple moving average is $244.24. CyberArk Software Ltd. has a 12 month low of $142.92 and a 12 month high of $283.00. The stock has a market capitalization of $11.40 billion, a price-to-earnings ratio of -421.36 and a beta of 1.14.

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