Curi RMB Capital LLC Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Curi RMB Capital LLC bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 2,654 shares of the technology company’s stock, valued at approximately $774,000.

A number of other institutional investors also recently bought and sold shares of the stock. RGM Capital LLC raised its holdings in CyberArk Software by 2.1% in the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after purchasing an additional 16,530 shares during the period. Whale Rock Capital Management LLC raised its holdings in CyberArk Software by 21.6% in the 1st quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after purchasing an additional 81,801 shares during the period. Swedbank AB raised its holdings in CyberArk Software by 11.1% in the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after purchasing an additional 45,799 shares during the period. Acadian Asset Management LLC raised its holdings in CyberArk Software by 38.2% in the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock worth $107,642,000 after purchasing an additional 112,112 shares during the period. Finally, 1832 Asset Management L.P. raised its holdings in CyberArk Software by 1,291.7% in the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after purchasing an additional 358,602 shares during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

CyberArk Software stock opened at $305.27 on Friday. The company has a 50 day moving average price of $284.25 and a 200-day moving average price of $266.66. CyberArk Software Ltd. has a fifty-two week low of $183.28 and a fifty-two week high of $318.16. The company has a market capitalization of $13.30 billion, a PE ratio of 1,130.67 and a beta of 1.13.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CYBR. BTIG Research increased their price target on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Oppenheimer increased their price target on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. UBS Group increased their price target on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday. Scotiabank began coverage on CyberArk Software in a research note on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 price target for the company. Finally, Piper Sandler increased their price target on CyberArk Software from $300.00 to $345.00 and gave the stock an “overweight” rating in a research note on Thursday. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $328.37.

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.