Sycomore Asset Management Grows Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Sycomore Asset Management boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 39.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,312 shares of the technology company’s stock after purchasing an additional 12,514 shares during the period. CyberArk Software comprises 1.9% of Sycomore Asset Management’s holdings, making the stock its 15th biggest holding. Sycomore Asset Management owned approximately 0.10% of CyberArk Software worth $14,763,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software during the 4th quarter valued at $25,000. Assetmark Inc. lifted its position in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the last quarter. Brown Lisle Cummings Inc. purchased a new stake in shares of CyberArk Software during the fourth quarter valued at $50,000. Transcendent Capital Group LLC bought a new position in shares of CyberArk Software in the third quarter worth about $51,000. Finally, Kieckhefer Group LLC purchased a new position in CyberArk Software in the 4th quarter worth about $67,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $384.29 on Monday. The stock’s fifty day moving average is $340.76 and its two-hundred day moving average is $303.32. The firm has a market capitalization of $16.74 billion, a P/E ratio of 1,423.35 and a beta of 1.15. CyberArk Software Ltd. has a fifty-two week low of $223.09 and a fifty-two week high of $391.45.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data 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. The firm had revenue of $240.10 million during 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 quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.31) earnings per share. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the company. Needham & Company LLC increased their price objective on CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. JMP Securities reissued a “market outperform” rating and set a $360.00 price target on shares of CyberArk Software in a research report on Tuesday, January 14th. DA Davidson lifted their price objective on CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a report on Friday, January 3rd. Rosenblatt Securities increased their target price on shares of CyberArk Software from $345.00 to $415.00 and gave the stock a “buy” rating in a report on Thursday, January 30th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $316.00 price target on shares of CyberArk Software in a report on Tuesday, December 31st. One equities 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, CyberArk Software presently has an average rating of “Moderate Buy” and a consensus price target of $371.89.

About CyberArk Software

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.