Austin Private Wealth LLC Buys 182 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Austin Private Wealth LLC raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 22.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 997 shares of the technology company’s stock after purchasing an additional 182 shares during the period. Austin Private Wealth LLC’s holdings in CyberArk Software were worth $332,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software during the 4th quarter valued at approximately $25,000. Assetmark Inc. boosted its position in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software in the third quarter valued at $51,000. Kieckhefer Group LLC bought a new stake in CyberArk Software in the fourth quarter worth $67,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in CyberArk Software during the third quarter valued at $87,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ:CYBR opened at $370.98 on Friday. The firm has a 50-day simple moving average of $335.12 and a 200-day simple moving average of $299.27. CyberArk Software Ltd. has a one year low of $223.09 and a one year high of $378.62. The firm has a market cap of $16.16 billion, a P/E ratio of 1,374.05 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the prior year, the business earned ($0.31) earnings per share. CyberArk Software’s revenue was up 25.6% on a year-over-year basis. On average, research analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Analysts Set New Price Targets

CYBR has been the subject of a number of recent research reports. JMP Securities reissued a “market outperform” rating and issued a $360.00 price objective on shares of CyberArk Software in a research note on Tuesday, January 14th. Susquehanna boosted their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. KeyCorp raised their price objective on CyberArk Software from $355.00 to $400.00 and gave the company an “overweight” rating in a research note on Tuesday, January 21st. Stifel Nicolaus lifted their target price on CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Rosenblatt Securities increased their target price on shares of CyberArk Software from $345.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus price target of $367.44.

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.