1,118 Shares in CyberArk Software Ltd. (NASDAQ:CYBR) Bought by Choreo LLC

Choreo LLC bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,118 shares of the technology company’s stock, valued at approximately $302,000.

Other hedge funds have also recently made changes to their positions in the company. First Dallas Securities Inc. raised its holdings in CyberArk Software by 3.2% in the 1st quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock valued at $425,000 after buying an additional 50 shares during the last quarter. Arcadia Investment Management Corp MI raised its stake in shares of CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the last quarter. Legato Capital Management LLC lifted its holdings in shares of CyberArk Software by 3.7% during the second quarter. Legato Capital Management LLC now owns 1,940 shares of the technology company’s stock worth $530,000 after purchasing an additional 70 shares during the period. George Kaiser Family Foundation grew its stake in shares of CyberArk Software by 0.7% in the second quarter. George Kaiser Family Foundation now owns 12,432 shares of the technology company’s stock worth $3,399,000 after purchasing an additional 88 shares during the last quarter. Finally, Fulton Bank N.A. increased its holdings in CyberArk Software by 4.5% in the second quarter. Fulton Bank N.A. now owns 2,151 shares of the technology company’s stock valued at $588,000 after purchasing an additional 92 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Down 0.2 %

Shares of CyberArk Software stock opened at $272.92 on Wednesday. CyberArk Software Ltd. has a 52 week low of $152.03 and a 52 week high of $293.31. The business has a 50 day moving average price of $268.78 and a 200-day moving average price of $257.47. The company has a market cap of $11.53 billion, a PE ratio of -426.44 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. During the same period last year, the business earned ($0.58) EPS. The business’s revenue was up 27.8% on a year-over-year basis. As a group, research analysts anticipate that CyberArk Software Ltd. will post -1.06 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on CYBR. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price target on shares of CyberArk Software in a research report on Monday, June 17th. DA Davidson increased their target price on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research report on Friday, August 9th. Barclays raised their price target on shares of CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Friday, August 9th. Finally, Needham & Company LLC reissued a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $290.83.

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.