Moody Lynn & Lieberson LLC Increases Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Moody Lynn & Lieberson LLC grew its stake in CyberArk Software Ltd. (NASDAQ:CYBR) by 18.5% during the fourth quarter, HoldingsChannel reports. The firm owned 934 shares of the technology company’s stock after purchasing an additional 146 shares during the quarter. Moody Lynn & Lieberson LLC’s holdings in CyberArk Software were worth $311,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Dimensional Fund Advisors LP increased its stake in CyberArk Software by 506.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company’s stock valued at $1,795,000 after buying an additional 5,483 shares during the period. Ensign Peak Advisors Inc purchased a new stake in shares of CyberArk Software in the second quarter valued at about $711,000. Toronto Dominion Bank acquired a new position in shares of CyberArk Software during the second quarter worth about $164,000. APG Asset Management N.V. raised its holdings in CyberArk Software by 8.1% during the second quarter. APG Asset Management N.V. now owns 28,311 shares of the technology company’s stock worth $7,223,000 after purchasing an additional 2,116 shares in the last quarter. Finally, MBB Public Markets I LLC acquired a new stake in CyberArk Software in the second quarter valued at about $801,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

CYBR has been the topic of several recent analyst reports. Susquehanna boosted their target price on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Barclays upped their price objective on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Piper Sandler raised their target price on CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a report on Monday, January 6th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $335.00 price target on shares of CyberArk Software in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. increased their price target on shares of CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $358.74.

CyberArk Software Price Performance

CyberArk Software stock opened at $359.72 on Friday. The stock has a market capitalization of $15.67 billion, a P/E ratio of 1,332.35 and a beta of 1.13. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $366.48. The firm’s 50-day moving average is $329.93 and its two-hundred day moving average is $295.88.

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