Glenview Trust co Invests $226,000 in CyberArk Software Ltd. (NASDAQ:CYBR)

Glenview Trust co purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 677 shares of the technology company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software in the 4th quarter valued at about $25,000. Assetmark Inc. grew 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 buying an additional 123 shares in the last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software in the 4th quarter valued at about $39,000. Montag A & Associates Inc. grew its position in CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares in the last quarter. Finally, Brown Lisle Cummings Inc. bought a new position in CyberArk Software in the 4th quarter valued at about $50,000. Institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several research reports. Wells Fargo & Company raised their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Piper Sandler raised their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research report on Thursday, February 6th. Needham & Company LLC restated a “buy” rating and set a $480.00 price objective on shares of CyberArk Software in a research report on Wednesday, February 26th. Canaccord Genuity Group raised their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Truist Financial raised their price objective on shares of CyberArk Software from $385.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Price Performance

NASDAQ CYBR opened at $344.87 on Wednesday. The company has a 50 day simple moving average of $363.88 and a 200-day simple moving average of $322.32. CyberArk Software Ltd. has a 52-week low of $223.41 and a 52-week high of $421.00. The firm has a market capitalization of $17.05 billion, a price-to-earnings ratio of -176.86 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

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.