Rational Advisors LLC Has $3.73 Million Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Rational Advisors LLC boosted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 45.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,800 shares of the technology company’s stock after purchasing an additional 4,000 shares during the period. Rational Advisors LLC’s holdings in CyberArk Software were worth $3,733,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Montag A & Associates Inc. acquired a new position in shares of CyberArk Software in the 1st quarter worth approximately $27,000. Mather Group LLC. acquired a new stake in shares of CyberArk Software in the second quarter valued at approximately $27,000. ORG Partners LLC bought a new position in CyberArk Software in the 2nd quarter valued at $33,000. 1620 Investment Advisors Inc. acquired a new position in shares of CyberArk Software during the second quarter valued at $39,000. Finally, Arcadia Investment Management Corp MI lifted its position in CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently commented on CYBR. Barclays lifted their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock an “overweight” rating in a research note on Monday, October 7th. Susquehanna increased their target price on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Royal Bank of Canada assumed coverage on shares of CyberArk Software in a research report on Friday, September 20th. They issued an “outperform” rating and a $328.00 price objective on the stock. Jefferies Financial Group increased their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Finally, Mizuho raised their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. One equities research analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $311.44.

CyberArk Software Stock Down 0.7 %

Shares of NASDAQ:CYBR opened at $274.10 on Tuesday. The firm has a market cap of $11.94 billion, a P/E ratio of -856.56 and a beta of 1.13. CyberArk Software Ltd. has a 12-month low of $174.04 and a 12-month high of $308.63. The business has a fifty day simple moving average of $282.15 and a 200 day simple moving average of $263.99.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.14. The business had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. CyberArk Software’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.58) earnings per share. As a group, equities research analysts expect that CyberArk Software Ltd. will post -1.05 EPS 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.