Bayesian Capital Management LP Has $2.59 Million Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Bayesian Capital Management LP grew its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 105.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,736 shares of the technology company’s stock after buying an additional 5,000 shares during the quarter. Bayesian Capital Management LP’s holdings in CyberArk Software were worth $2,586,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Montag A & Associates Inc. purchased a new position in shares of CyberArk Software during the 1st quarter valued at $27,000. Arcadia Investment Management Corp MI bought a new position in shares of CyberArk Software during the first quarter valued at about $34,000. Blue Bell Private Wealth Management LLC bought a new position in shares of CyberArk Software during the first quarter valued at about $34,000. FinTrust Capital Advisors LLC bought a new position in CyberArk Software in the fourth quarter worth about $34,000. Finally, Central Bank & Trust Co. purchased a new stake in CyberArk Software in the first quarter worth about $53,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

NASDAQ:CYBR traded down $2.35 on Tuesday, reaching $256.10. The stock had a trading volume of 179,283 shares, compared to its average volume of 547,523. The company has a market cap of $10.82 billion, a price-to-earnings ratio of -402.77 and a beta of 1.14. The firm’s fifty day moving average is $255.74 and its two-hundred day moving average is $251.40. CyberArk Software Ltd. has a 12-month low of $142.92 and a 12-month high of $284.10.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 earnings per share for the quarter, topping the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The business had revenue of $221.55 million for the quarter, compared to analyst estimates of $213.42 million. As a group, research analysts forecast that CyberArk Software Ltd. will post -1.24 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on CYBR shares. Bank of America restated a “buy” rating and issued a $315.00 target price on shares of CyberArk Software in a report on Wednesday, April 24th. Wedbush reissued an “outperform” rating and issued a $285.00 price objective on shares of CyberArk Software in a research note on Friday, May 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $310.00 price target on shares of CyberArk Software in a research note on Monday, June 17th. Guggenheim reiterated a “buy” rating and set a $300.00 price objective on shares of CyberArk Software in a report on Tuesday, June 25th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price objective on shares of CyberArk Software in a report on Monday, July 22nd. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $280.63.

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.