Assetmark Inc. Buys 123 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Assetmark Inc. boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1,025.0% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 135 shares of the technology company’s stock after purchasing an additional 123 shares during the quarter. Assetmark Inc.’s holdings in CyberArk Software were worth $39,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. acquired a new position in CyberArk Software during the second quarter worth $27,000. ORG Partners LLC bought a new position in CyberArk Software during the 2nd quarter worth $33,000. 1620 Investment Advisors Inc. bought a new position in shares of CyberArk Software during the second quarter worth about $39,000. Arcadia Investment Management Corp MI grew its holdings in CyberArk Software by 42.2% during the 2nd 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 period. Finally, DT Investment Partners LLC acquired a new stake in CyberArk Software during the second quarter worth approximately $78,000. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CYBR. DA Davidson raised their price objective on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Stifel Nicolaus raised their price objective on shares of CyberArk Software from $306.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. JMP Securities lifted their price target on CyberArk Software from $310.00 to $360.00 and gave the company a “market outperform” rating in a research report on Thursday, November 14th. Barclays increased their price objective on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Finally, Truist Financial reiterated a “buy” rating and issued a $350.00 price objective (up previously from $300.00) on shares of CyberArk Software in a research report on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Trading Up 0.2 %

Shares of CYBR opened at $305.74 on Tuesday. CyberArk Software Ltd. has a 1-year low of $186.96 and a 1-year high of $318.16. The firm has a market capitalization of $13.32 billion, a price-to-earnings ratio of 1,148.19 and a beta of 1.13. The firm’s 50-day moving average price is $285.06 and its 200-day moving average price is $267.50.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. CyberArk Software’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business earned ($0.31) EPS. On average, research analysts forecast that CyberArk Software Ltd. will post -0.99 EPS 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.