180 Wealth Advisors LLC Has $1.17 Million Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

180 Wealth Advisors LLC cut its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,500 shares of the technology company’s stock after selling 76 shares during the quarter. 180 Wealth Advisors LLC’s holdings in CyberArk Software were worth $1,166,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in 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 period. Transcendent Capital Group LLC bought a new position in CyberArk Software during the 3rd quarter worth $51,000. Kieckhefer Group LLC bought a new stake in shares of CyberArk Software during the 4th quarter valued at $67,000. Future Financial Wealth Managment LLC bought a new position in shares of CyberArk Software in the third quarter worth $87,000. Finally, Centaurus Financial Inc. acquired a new stake in CyberArk Software during the second quarter worth about $109,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CYBR. Scotiabank initiated coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target on the stock. Barclays upped their price objective on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Robert W. Baird raised their price target on shares of CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Truist Financial restated a “buy” rating and issued a $350.00 target price (up previously from $300.00) on shares of CyberArk Software in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised their price objective on CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, December 16th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $350.22.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $337.83 on Tuesday. CyberArk Software Ltd. has a 52-week low of $221.12 and a 52-week high of $348.29. The company has a 50-day simple moving average of $319.47 and a two-hundred day simple moving average of $290.87. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of 1,251.27 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company’s revenue was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.31) earnings per share. On average, sell-side analysts forecast that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal 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.