Quadrature Capital Ltd Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Quadrature Capital Ltd purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 10,331 shares of the technology company’s stock, valued at approximately $2,741,000.

A number of other large investors also recently modified their holdings of the company. Montag A & Associates Inc. acquired a new stake in CyberArk Software in the first quarter valued at $27,000. Arcadia Investment Management Corp MI acquired a new stake in CyberArk Software in the first quarter valued at $34,000. Blue Bell Private Wealth Management LLC acquired a new stake in CyberArk Software in the first quarter valued at $34,000. FinTrust Capital Advisors LLC acquired a new stake in CyberArk Software in the fourth quarter valued at $34,000. Finally, Central Bank & Trust Co. acquired a new stake in CyberArk Software in the first quarter valued at $53,000. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Performance

Shares of CyberArk Software stock traded up $0.82 during mid-day trading on Friday, hitting $257.68. 222,606 shares of the stock were exchanged, compared to its average volume of 417,278. The company has a 50-day simple moving average of $255.56 and a 200 day simple moving average of $250.91. CyberArk Software Ltd. has a 12 month low of $142.92 and a 12 month high of $284.10. The company has a market capitalization of $10.89 billion, a P/E ratio of -402.63 and a beta of 1.14.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The company had revenue of $221.55 million during the quarter, compared to analyst estimates of $213.42 million. Analysts predict that CyberArk Software Ltd. will post -1.24 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a report on Monday, July 22nd. Needham & Company LLC reiterated a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a report on Monday, May 20th. Canaccord Genuity Group decreased their price target on CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a report on Tuesday, June 4th. Barclays increased their price target on CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a report on Thursday, July 11th. Finally, Bank of America reissued a “buy” rating and set a $315.00 price objective on shares of CyberArk Software in a research report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $280.63.

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.