Transcend Capital Advisors LLC Acquires 154 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Transcend Capital Advisors LLC grew its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 14.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,192 shares of the technology company’s stock after acquiring an additional 154 shares during the period. Transcend Capital Advisors LLC’s holdings in CyberArk Software were worth $397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently modified their holdings of CYBR. Signaturefd LLC grew its position in shares of CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after acquiring an additional 49 shares during the period. International Assets Investment Management LLC purchased a new position in shares of CyberArk Software during the 3rd quarter valued at $82,485,000. Assenagon Asset Management S.A. lifted its stake in shares of CyberArk Software by 40.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 2,363 shares of the technology company’s stock valued at $689,000 after buying an additional 681 shares in the last quarter. Semanteon Capital Management LP purchased a new position in shares of CyberArk Software during the 3rd quarter valued at $942,000. Finally, First Trust Direct Indexing L.P. purchased a new position in shares of CyberArk Software during the 3rd quarter valued at $383,000. Institutional investors own 91.84% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Wells Fargo & Company lifted their target price on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. KeyCorp lifted their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. DA Davidson lifted their target price on shares of CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Scotiabank boosted their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Finally, Truist Financial boosted their price target on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Stock Performance

Shares of CYBR opened at $383.29 on Monday. The company has a 50 day moving average price of $356.42 and a 200-day moving average price of $314.07. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The stock has a market capitalization of $16.70 billion, a PE ratio of -196.56 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. Equities research analysts forecast that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software 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.