Alta Wealth Advisors LLC Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Alta Wealth Advisors LLC purchased a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 1,522 shares of the technology company’s stock, valued at approximately $507,000.

A number of other large investors have also bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software in the fourth quarter worth $25,000. Assetmark Inc. grew its holdings in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software in the third quarter valued at about $51,000. Kieckhefer Group LLC bought a new position in shares of CyberArk Software during the fourth quarter valued at about $67,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of CyberArk Software during the third quarter worth about $87,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CYBR has been the topic of a number of research analyst reports. UBS Group boosted their price target on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Rosenblatt Securities boosted their target price on CyberArk Software from $345.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday. Royal Bank of Canada raised their price target on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. BTIG Research boosted their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research report on Wednesday, October 9th. Finally, Wells Fargo & Company raised their target price on shares of CyberArk Software from $410.00 to $425.00 and gave the stock an “overweight” rating in a research report on Monday. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $367.44.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $371.63 on Friday. CyberArk Software Ltd. has a 1 year low of $223.09 and a 1 year high of $377.22. The company has a market cap of $16.19 billion, a P/E ratio of 1,376.46 and a beta of 1.13. The stock’s fifty day moving average price is $333.24 and its 200-day moving average price is $297.93.

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