Transcend Capital Advisors LLC Purchases Shares of 912 CyberArk Software Ltd. (NASDAQ:CYBR)

Transcend Capital Advisors LLC acquired a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 912 shares of the technology company’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Geneos Wealth Management Inc. grew its holdings in CyberArk Software by 64.7% during the first quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company’s stock worth $1,951,000 after buying an additional 2,885 shares in the last quarter. Congress Asset Management Co. MA increased its position in shares of CyberArk Software by 29.3% during the 1st quarter. Congress Asset Management Co. MA now owns 50,097 shares of the technology company’s stock valued at $13,307,000 after purchasing an additional 11,345 shares during the last quarter. Contour Asset Management LLC purchased a new position in shares of CyberArk Software in the 4th quarter worth about $48,605,000. Russell Investments Group Ltd. increased its holdings in CyberArk Software by 58.3% during the first quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock worth $8,830,000 after buying an additional 12,242 shares during the last quarter. Finally, Quadrature Capital Ltd bought a new stake in CyberArk Software in the first quarter worth about $2,741,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Down 2.6 %

NASDAQ:CYBR traded down $6.38 during mid-day trading on Monday, hitting $240.66. 325,276 shares of the company traded hands, compared to its average volume of 544,311. The stock’s fifty day moving average price is $256.60 and its 200-day moving average price is $252.18. CyberArk Software Ltd. has a one year low of $142.92 and a one year high of $284.10. The firm has a market cap of $10.17 billion, a price-to-earnings ratio of -380.81 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 analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The business had revenue of $221.55 million during the quarter, compared to analyst estimates of $213.42 million. Equities analysts predict that CyberArk Software Ltd. will post -1.24 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Wedbush reaffirmed an “outperform” rating and issued a $285.00 price target on shares of CyberArk Software in a report on Friday, May 3rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 price objective on shares of CyberArk Software in a research note on Monday, July 22nd. Rosenblatt Securities reissued a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Wednesday, May 1st. Canaccord Genuity Group lowered their price objective on CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a research report on Tuesday, June 4th. Finally, Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Monday, May 20th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $280.63.

About CyberArk Software

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.