Jones Financial Companies Lllp Boosts Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Jones Financial Companies Lllp grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 2,123.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 667 shares of the technology company’s stock after purchasing an additional 637 shares during the period. Jones Financial Companies Lllp’s holdings in CyberArk Software were worth $222,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $25,000. Montag A & Associates Inc. lifted its stake in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after purchasing an additional 42 shares during the last quarter. Assetmark Inc. lifted its stake in shares of CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Brown Lisle Cummings Inc. bought a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $50,000. Finally, Kieckhefer Group LLC bought a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $67,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

CyberArk Software stock opened at $322.14 on Friday. The stock has a market capitalization of $14.04 billion, a price-to-earnings ratio of -165.20 and a beta of 1.06. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00. The business has a fifty day moving average price of $363.85 and a 200-day moving average price of $320.51.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price objective on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Citigroup raised their price target on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, March 3rd. Piper Sandler raised their price objective on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Robert W. Baird raised their price objective on CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Finally, UBS Group raised their price objective on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average target price of $418.15.

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.