Whalen Wealth Management Inc. Buys Shares of 741 CyberArk Software Ltd. (NASDAQ:CYBR)

Whalen Wealth Management Inc. purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 741 shares of the technology company’s stock, valued at approximately $247,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP raised its position in CyberArk Software by 506.7% during the second quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company’s stock worth $1,795,000 after acquiring an additional 5,483 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of CyberArk Software by 16.2% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,868 shares of the technology company’s stock worth $783,000 after purchasing an additional 399 shares in the last quarter. Sei Investments Co. raised its position in shares of CyberArk Software by 6.1% during the 2nd quarter. Sei Investments Co. now owns 105,583 shares of the technology company’s stock worth $28,868,000 after purchasing an additional 6,113 shares during the last quarter. Ensign Peak Advisors Inc purchased a new stake in CyberArk Software in the 2nd quarter valued at approximately $711,000. Finally, Public Sector Pension Investment Board grew its holdings in CyberArk Software by 7.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 17,794 shares of the technology company’s stock valued at $4,865,000 after buying an additional 1,232 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Trading Up 0.9 %

Shares of CyberArk Software stock opened at $358.63 on Thursday. CyberArk Software Ltd. has a twelve month low of $223.09 and a twelve month high of $364.18. The stock has a market cap of $15.63 billion, a price-to-earnings ratio of 1,328.31 and a beta of 1.13. The company has a fifty day moving average price of $326.34 and a 200 day moving average price of $294.20.

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

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Royal Bank of Canada upped their price objective on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday. Scotiabank upped their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday. Canaccord Genuity Group lifted their price target on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Piper Sandler upped their price objective on shares of CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, BTIG Research raised their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $358.74.

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.