MBB Public Markets I LLC Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

MBB Public Markets I LLC bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,931 shares of the technology company’s stock, valued at approximately $801,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Montag A & Associates Inc. bought a new position in CyberArk Software during the 1st quarter worth about $27,000. Mather Group LLC. acquired a new stake in CyberArk Software in the 2nd quarter valued at about $27,000. ORG Partners LLC acquired a new stake in CyberArk Software in the 2nd quarter valued at about $33,000. 1620 Investment Advisors Inc. acquired a new stake in CyberArk Software during the second quarter worth approximately $39,000. Finally, Arcadia Investment Management Corp MI lifted its position in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after acquiring an additional 54 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Performance

CYBR stock opened at $279.70 on Wednesday. CyberArk Software Ltd. has a 52 week low of $152.03 and a 52 week high of $294.89. The firm’s fifty day moving average is $271.19 and its 200 day moving average is $258.76. The firm has a market cap of $11.82 billion, a P/E ratio of -437.03 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The company had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. CyberArk Software’s revenue was up 27.8% on a year-over-year basis. During the same period last year, the company posted ($0.58) EPS. As a group, analysts forecast that CyberArk Software Ltd. will post -1.06 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Citigroup raised their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Robert W. Baird lifted their price objective on shares of CyberArk Software from $295.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. Barclays lifted their price objective on shares of CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Needham & Company LLC reissued a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Friday, August 9th. Finally, KeyCorp lifted their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and an average target price of $296.92.

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.