CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by Arcadia Investment Management Corp MI

Arcadia Investment Management Corp MI boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 37.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 689 shares of the technology company’s stock after acquiring an additional 189 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in CyberArk Software were worth $230,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Nepsis Inc. lifted its stake in shares of CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after purchasing an additional 505,088 shares in the last quarter. Jennison Associates LLC lifted its stake in shares of CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after purchasing an additional 391,900 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in shares of CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock worth $170,614,000 after purchasing an additional 336,462 shares in the last quarter. International Assets Investment Management LLC acquired a new position in shares of CyberArk Software during the third quarter worth about $82,485,000. Finally, Swedbank AB lifted its stake in shares of CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock worth $181,600,000 after purchasing an additional 87,201 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Down 2.0 %

NASDAQ:CYBR opened at $400.97 on Friday. The firm has a market capitalization of $17.47 billion, a PE ratio of -205.63 and a beta of 1.15. The stock has a 50 day moving average of $355.03 and a 200-day moving average of $312.10. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have commented on CYBR. DA Davidson boosted their price objective on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Friday, January 3rd. Scotiabank lifted their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Piper Sandler lifted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research report on Thursday, February 6th. Oppenheimer lifted their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, Truist Financial lifted their target price on CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $401.67.

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.