CyberArk Software Ltd. (NASDAQ:CYBR) Shares Bought by Alliance Wealth Advisors LLC UT

Alliance Wealth Advisors LLC UT lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 2.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,967 shares of the technology company’s stock after purchasing an additional 85 shares during the period. Alliance Wealth Advisors LLC UT’s holdings in CyberArk Software were worth $650,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Russell Investments Group Ltd. boosted its position in shares of CyberArk Software by 8.3% in the 4th quarter. Russell Investments Group Ltd. now owns 21,013 shares of the technology company’s stock valued at $4,603,000 after purchasing an additional 1,619 shares during the period. Truist Financial Corp raised its holdings in shares of CyberArk Software by 5.9% during the fourth quarter. Truist Financial Corp now owns 46,187 shares of the technology company’s stock valued at $10,117,000 after acquiring an additional 2,554 shares during the period. Semanteon Capital Management LP acquired a new stake in CyberArk Software during the 4th quarter valued at $1,277,000. State of New Jersey Common Pension Fund D raised its position in CyberArk Software by 1.6% during the fourth quarter. State of New Jersey Common Pension Fund D now owns 74,902 shares of the technology company’s stock valued at $16,407,000 after buying an additional 1,190 shares during the period. Finally, Sycomore Asset Management lifted its stake in CyberArk Software by 14.8% in the 4th quarter. Sycomore Asset Management now owns 37,755 shares of the technology company’s stock worth $8,322,000 after acquiring an additional 4,864 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on CYBR shares. Rosenblatt Securities increased their target price on shares of CyberArk Software from $265.00 to $300.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Oppenheimer lifted their price target on CyberArk Software from $195.00 to $260.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Truist Financial increased their price objective on CyberArk Software from $250.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 9th. UBS Group lifted their target price on shares of CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Finally, JMP Securities increased their price target on shares of CyberArk Software from $195.00 to $280.00 and gave the stock a “market outperform” rating in a research note on Wednesday, January 31st. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $258.54.

CyberArk Software Price Performance

Shares of CYBR traded down $2.47 during mid-day trading on Friday, reaching $242.60. The company had a trading volume of 340,246 shares, compared to its average volume of 363,550. The company has a market capitalization of $10.25 billion, a P/E ratio of -149.75 and a beta of 1.05. CyberArk Software Ltd. has a twelve month low of $120.11 and a twelve month high of $283.00. The company’s 50-day moving average is $256.03 and its 200-day moving average is $223.79.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.53. The firm had revenue of $223.10 million during the quarter, compared to analyst estimates of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. As a group, equities analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal 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.