Rational Advisors LLC Boosts Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Rational Advisors LLC raised its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 45.5% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 12,800 shares of the technology company’s stock after purchasing an additional 4,000 shares during the quarter. Rational Advisors LLC’s holdings in CyberArk Software were worth $3,733,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Swedbank AB purchased a new position in shares of CyberArk Software in the first quarter valued at about $109,466,000. 1832 Asset Management L.P. grew its position in shares of CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after purchasing an additional 358,602 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of CyberArk Software in the third quarter worth about $82,485,000. Anomaly Capital Management LP purchased a new stake in shares of CyberArk Software in the second quarter worth about $49,145,000. Finally, Clearbridge Investments LLC boosted its stake in CyberArk Software by 250.0% during the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after buying an additional 160,269 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

CYBR opened at $274.10 on Tuesday. CyberArk Software Ltd. has a 1 year low of $174.04 and a 1 year high of $308.63. The business’s 50-day moving average is $282.15 and its two-hundred day moving average is $263.99. The firm has a market capitalization of $11.94 billion, a PE ratio of -856.56 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The business had revenue of $224.71 million during the quarter, compared to the consensus estimate of $219.06 million. During the same period in the previous year, the firm posted ($0.58) earnings per share. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -1.05 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Oppenheimer lifted their price objective on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. DA Davidson lifted their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Wedbush upped their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a research report on Monday. Finally, Citigroup upped their price objective on CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $311.44.

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.