CyberArk Software Ltd. (NASDAQ:CYBR) Shares Bought by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,230 shares of the technology company’s stock after purchasing an additional 42 shares during the period. Coldstream Capital Management Inc.’s holdings in CyberArk Software were worth $359,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. 1620 Investment Advisors Inc. purchased a new stake in CyberArk Software in the 2nd quarter valued at $39,000. Assetmark Inc. increased its stake in CyberArk Software by 1,025.0% in the third 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 period. Arcadia Investment Management Corp MI raised its holdings in shares of CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares during the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of CyberArk Software during the third quarter worth about $51,000. Finally, DT Investment Partners LLC acquired a new stake in shares of CyberArk Software during the second quarter worth about $78,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Price Performance

NASDAQ CYBR opened at $313.36 on Monday. The business has a 50 day moving average price of $302.84 and a 200 day moving average price of $278.70. The company has a market capitalization of $13.65 billion, a P/E ratio of 1,160.64 and a beta of 1.13. CyberArk Software Ltd. has a 1-year low of $198.01 and a 1-year high of $333.32.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same quarter last year, the business posted ($0.31) earnings per share. On average, research analysts expect that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms have commented on CYBR. Royal Bank of Canada upped their price objective on CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. BTIG Research upped 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. Susquehanna lifted their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. KeyCorp boosted their price objective on shares of CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, JMP Securities raised their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research note on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $333.00.

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.