Investors Purchase Large Volume of Call Options on CyberArk Software (NASDAQ:CYBR)

CyberArk Software Ltd. (NASDAQ:CYBR) was the recipient of some unusual options trading on Tuesday. Stock traders acquired 2,553 call options on the stock. This is an increase of approximately 187% compared to the typical daily volume of 891 call options.

Institutional Trading of CyberArk Software

A number of institutional investors have recently made changes to their positions in the business. Jennison Associates LLC raised its stake in CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after buying an additional 391,900 shares during the last quarter. Thoma Bravo L.P. acquired a new position in shares of CyberArk Software in the 4th quarter valued at $380,637,000. Groupama Asset Managment increased its holdings in shares of CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares during the period. First Trust Advisors LP lifted its stake in CyberArk Software by 2.3% during the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company’s stock valued at $313,084,000 after acquiring an additional 20,832 shares during the period. Finally, Pictet Asset Management Holding SA boosted its holdings in CyberArk Software by 8.4% in the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock valued at $292,651,000 after purchasing an additional 68,359 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CYBR. JMP Securities raised their price target on CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Stifel Nicolaus lifted their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Scotiabank upped their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Robert W. Baird raised their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Finally, DA Davidson reaffirmed a “buy” rating and set a $475.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.15.

CyberArk Software Price Performance

CYBR opened at $358.28 on Wednesday. The firm has a market capitalization of $17.71 billion, a PE ratio of -183.73 and a beta of 1.06. The business’s 50-day moving average is $364.76 and its two-hundred day moving average is $324.98. CyberArk Software has a 1 year low of $223.41 and a 1 year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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%. As a group, sell-side analysts expect that CyberArk Software will post -0.47 EPS for the current year.

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.