CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by Spire Wealth Management

Spire Wealth Management lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 236.8% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,756 shares of the technology company’s stock after purchasing an additional 3,344 shares during the quarter. Spire Wealth Management’s holdings in CyberArk Software were worth $1,584,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software during the 4th quarter worth about $25,000. Assetmark Inc. raised its position in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of CyberArk Software in the 3rd quarter valued at $51,000. Kieckhefer Group LLC acquired a new stake in shares of CyberArk Software during the fourth quarter worth $67,000. Finally, Future Financial Wealth Managment LLC acquired a new position in CyberArk Software in the third quarter valued at about $87,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.3 %

Shares of CyberArk Software stock opened at $372.00 on Tuesday. The business has a 50 day moving average price of $335.12 and a 200-day moving average price of $299.49. The company has a market cap of $16.21 billion, a PE ratio of 1,377.83 and a beta of 1.15. CyberArk Software Ltd. has a 52 week low of $223.09 and a 52 week high of $378.62.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. During the same period in the previous year, the business earned ($0.31) earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. As a group, research analysts anticipate that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on CYBR shares. StockNews.com raised CyberArk Software from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. JMP Securities reaffirmed a “market outperform” rating and set a $360.00 target price on shares of CyberArk Software in a research report on Tuesday, January 14th. Wells Fargo & Company increased their price target on CyberArk Software from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Morgan Stanley restated an “equal weight” rating and issued a $316.00 target price on shares of CyberArk Software in a research note on Tuesday, December 31st. Finally, BTIG Research lifted their price target on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $367.44.

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.