Kieckhefer Group LLC Acquires New Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Kieckhefer Group LLC purchased a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 200 shares of the technology company’s stock, valued at approximately $67,000.

Several other large investors also recently made changes to their positions in CYBR. International Assets Investment Management LLC bought a new stake in CyberArk Software during the 3rd quarter worth about $82,485,000. Anomaly Capital Management LP acquired a new position in CyberArk Software during the second quarter valued at approximately $49,145,000. Clearbridge Investments LLC grew its stake in CyberArk Software by 250.0% in the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after purchasing an additional 160,269 shares in the last quarter. Hood River Capital Management LLC increased its position in shares of CyberArk Software by 59.2% during the 2nd quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company’s stock worth $61,132,000 after purchasing an additional 83,172 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of CyberArk Software by 89.2% in the 2nd quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock valued at $45,745,000 after buying an additional 78,887 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of CyberArk Software stock traded down $5.93 on Monday, hitting $337.86. The company had a trading volume of 168,066 shares, compared to its average volume of 414,464. The stock has a 50 day moving average of $318.20 and a 200-day moving average of $290.39. CyberArk Software Ltd. has a 1 year low of $221.12 and a 1 year high of $348.29. The stock has a market capitalization of $14.72 billion, a price-to-earnings ratio of 1,251.38 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating 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 company had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same period in the prior year, the company posted ($0.31) earnings per share. CyberArk Software’s quarterly revenue was up 25.6% on a year-over-year basis. Equities analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CYBR has been the subject of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Piper Sandler boosted their price target on CyberArk Software from $345.00 to $380.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. DA Davidson increased their price target on CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. Jefferies Financial Group lifted their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, UBS Group raised their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. One research 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.com, CyberArk Software has an average rating of “Moderate Buy” and an average target price of $350.22.

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.