Arcadia Investment Management Corp MI Increases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Arcadia Investment Management Corp MI raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 42.2% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 182 shares of the technology company’s stock after buying an additional 54 shares during the quarter. Arcadia Investment Management Corp MI’s holdings in CyberArk Software were worth $50,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in CYBR. Norges Bank purchased a new position in CyberArk Software during the fourth quarter valued at $100,797,000. Swedbank AB purchased a new position in CyberArk Software during the first quarter valued at $109,466,000. 1832 Asset Management L.P. raised its stake in CyberArk Software by 1,291.7% during the first quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after buying an additional 358,602 shares during the last quarter. Global Assets Advisory LLC purchased a new position in CyberArk Software during the first quarter valued at $67,736,000. Finally, Contour Asset Management LLC purchased a new position in CyberArk Software during the fourth quarter valued at $48,605,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on CYBR. Guggenheim restated a “buy” rating and issued a $300.00 price target on shares of CyberArk Software in a research note on Tuesday, June 25th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price target on shares of CyberArk Software in a research note on Friday, August 9th. Robert W. Baird boosted their price target on CyberArk Software from $295.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. DA Davidson boosted their price target on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. Finally, Wedbush boosted their price target on CyberArk Software from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and a consensus target price of $290.83.

CyberArk Software Trading Down 0.1 %

Shares of NASDAQ:CYBR traded down $0.14 during midday trading on Friday, reaching $269.36. 30,664 shares of the company were exchanged, compared to its average volume of 537,213. The stock has a market cap of $11.38 billion, a PE ratio of -421.09 and a beta of 1.14. The business’s fifty day moving average is $269.42 and its two-hundred day moving average is $256.77. CyberArk Software Ltd. has a one year low of $152.03 and a one year high of $293.31.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $224.71 million during the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. During the same quarter last year, the business posted ($0.58) earnings per share. As a group, sell-side analysts expect that CyberArk Software Ltd. will post -1.08 EPS for the current year.

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.