Silverleafe Capital Partners LLC Buys Shares of 2,398 CyberArk Software Ltd. (NASDAQ:CYBR)

Silverleafe Capital Partners LLC purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 2,398 shares of the technology company’s stock, valued at approximately $799,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. CIBC Asset Management Inc boosted its holdings in shares of CyberArk Software by 6.4% during the second quarter. CIBC Asset Management Inc now owns 3,814 shares of the technology company’s stock valued at $1,043,000 after acquiring an additional 228 shares during the period. TD Asset Management Inc raised its holdings in shares of CyberArk Software by 3.9% during the second quarter. TD Asset Management Inc now owns 14,466 shares of the technology company’s stock valued at $3,955,000 after buying an additional 541 shares during the last quarter. Private Advisor Group LLC boosted its position in shares of CyberArk Software by 27.2% during the second quarter. Private Advisor Group LLC now owns 6,112 shares of the technology company’s stock worth $1,670,000 after buying an additional 1,307 shares during the period. Cullen Frost Bankers Inc. bought a new position in CyberArk Software in the 2nd quarter worth approximately $129,000. Finally, Chicago Capital LLC increased its position in CyberArk Software by 25.1% in the 2nd quarter. Chicago Capital LLC now owns 3,550 shares of the technology company’s stock valued at $971,000 after acquiring an additional 712 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on CYBR. Royal Bank of Canada raised their price target on CyberArk Software from $358.00 to $385.00 and gave the company an “outperform” rating in a report on Friday. DA Davidson upped their price target on shares of CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Friday. JMP Securities raised their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Robert W. Baird boosted their target price on CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Mizuho increased their price target on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $346.52.

CyberArk Software Trading Up 1.1 %

CYBR stock traded up $3.87 during mid-day trading on Monday, hitting $343.34. The stock had a trading volume of 199,976 shares, compared to its average volume of 438,147. CyberArk Software Ltd. has a 1-year low of $213.05 and a 1-year high of $348.24. The company has a fifty day moving average of $311.92 and a 200 day moving average of $287.20. The stock has a market capitalization of $14.96 billion, a price-to-earnings ratio of 1,271.68 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 (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. During the same period in the previous year, the company earned ($0.31) earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

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.