MBB Public Markets I LLC Makes New $801,000 Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

MBB Public Markets I LLC purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, according to its most recent 13F filing with the SEC. The firm purchased 2,931 shares of the technology company’s stock, valued at approximately $801,000.

A number of other institutional investors have also modified their holdings of CYBR. APG Asset Management N.V. boosted its stake in CyberArk Software by 8.1% in the 2nd quarter. APG Asset Management N.V. now owns 28,311 shares of the technology company’s stock worth $7,223,000 after purchasing an additional 2,116 shares in the last quarter. APG Asset Management US Inc. lifted its stake in CyberArk Software by 2.5% during the 2nd quarter. APG Asset Management US Inc. now owns 12,754 shares of the technology company’s stock valued at $3,439,000 after acquiring an additional 315 shares during the period. Toronto Dominion Bank purchased a new position in shares of CyberArk Software during the 2nd quarter valued at approximately $164,000. Point72 Asset Management L.P. increased its holdings in shares of CyberArk Software by 89.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock valued at $45,745,000 after purchasing an additional 78,887 shares in the last quarter. Finally, Anomaly Capital Management LP purchased a new position in shares of CyberArk Software during the 2nd quarter valued at approximately $49,145,000. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on CYBR. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. KeyCorp upped their target price on shares of CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. DA Davidson boosted their price target on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Citigroup boosted their price target on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $296.92.

CyberArk Software Price Performance

Shares of CYBR opened at $279.70 on Wednesday. CyberArk Software Ltd. has a 12 month low of $152.03 and a 12 month high of $294.89. The stock has a fifty day moving average price of $271.19 and a 200 day moving average price of $258.76. The company has a market cap of $11.82 billion, a P/E ratio of -437.03 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. The company had revenue of $224.71 million during the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. 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. As a group, research analysts anticipate that CyberArk Software Ltd. will post -1.06 earnings per share for the current year.

CyberArk Software Company 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.