CyberArk Software Ltd. (NASDAQ:CYBR) Shares Purchased by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 36.7% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,746 shares of the technology company’s stock after buying an additional 737 shares during the quarter. Foundations Investment Advisors LLC’s holdings in CyberArk Software were worth $751,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of CYBR. Norges Bank acquired a new position in CyberArk Software in the 4th quarter valued at about $100,797,000. Swedbank AB purchased a new position in shares of CyberArk Software during the first quarter valued at approximately $109,466,000. 1832 Asset Management L.P. boosted its position in CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after acquiring an additional 358,602 shares during the last quarter. Global Assets Advisory LLC purchased a new stake in CyberArk Software in the 1st quarter worth approximately $67,736,000. Finally, Contour Asset Management LLC acquired a new position in CyberArk Software in the 4th quarter valued at $48,605,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CYBR shares. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Tuesday, August 6th. Canaccord Genuity Group dropped their price objective on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Robert W. Baird raised their target price on shares of CyberArk Software from $295.00 to $315.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a research report on Friday, August 9th. Finally, Wedbush increased their price target on shares of CyberArk Software from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $290.83.

CyberArk Software Trading Down 1.7 %

NASDAQ CYBR opened at $264.84 on Friday. The stock has a market cap of $11.19 billion, a P/E ratio of -413.80 and a beta of 1.14. The company’s fifty day simple moving average is $269.40 and its 200-day simple moving average is $256.86. CyberArk Software Ltd. has a 52 week low of $152.03 and a 52 week high of $293.31.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. The firm had revenue of $224.71 million for the quarter, compared to the consensus estimate of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.58) EPS. On average, research analysts expect that CyberArk Software Ltd. will post -1.08 EPS for the current fiscal year.

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.