CIBC Asset Management Inc Acquires 531 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

CIBC Asset Management Inc raised its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 13.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,590 shares of the technology company’s stock after purchasing an additional 531 shares during the period. CIBC Asset Management Inc’s holdings in CyberArk Software were worth $1,529,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sanctuary Advisors LLC raised its position in shares of CyberArk Software by 3.0% during the fourth quarter. Sanctuary Advisors LLC now owns 8,149 shares of the technology company’s stock worth $2,715,000 after acquiring an additional 235 shares during the last quarter. Americana Partners LLC acquired a new stake in CyberArk Software during the 4th quarter valued at approximately $578,000. Baillie Gifford & Co. raised its holdings in CyberArk Software by 21.6% during the 4th quarter. Baillie Gifford & Co. now owns 123,275 shares of the technology company’s stock worth $41,069,000 after purchasing an additional 21,877 shares during the last quarter. Allworth Financial LP lifted its position in shares of CyberArk Software by 86.7% in the 4th quarter. Allworth Financial LP now owns 534 shares of the technology company’s stock worth $192,000 after purchasing an additional 248 shares during the period. Finally, Principal Securities Inc. boosted its stake in shares of CyberArk Software by 6.6% in the 4th quarter. Principal Securities Inc. now owns 1,190 shares of the technology company’s stock valued at $396,000 after purchasing an additional 74 shares during the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Stock Down 4.4 %

Shares of NASDAQ:CYBR opened at $383.29 on Friday. The business’s 50 day moving average is $355.03 and its 200 day moving average is $312.10. CyberArk Software Ltd. has a 12-month low of $223.41 and a 12-month high of $421.00. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of -196.56 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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%. As a group, equities research analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on CYBR shares. Barclays boosted their target price on shares of CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 14th. StockNews.com lowered CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday. Oppenheimer upped their target price on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a report on Monday, January 27th. Finally, Truist Financial increased their price target on CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $401.67.

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.