Traders Purchase Large Volume of Call Options on CyberArk Software (NASDAQ:CYBR)

CyberArk Software Ltd. (NASDAQ:CYBR) was the target of some unusual options trading activity on Tuesday. Stock traders acquired 2,553 call options on the stock. This represents an increase of approximately 187% compared to the typical volume of 891 call options.

Institutional Trading of CyberArk Software

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HighTower Advisors LLC boosted its position in CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after buying an additional 2,062 shares during the period. Groupama Asset Managment grew its stake in shares of CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new stake in CyberArk Software in the third quarter valued at $8,612,000. CHURCHILL MANAGEMENT Corp acquired a new position in CyberArk Software during the 4th quarter worth about $764,000. Finally, China Universal Asset Management Co. Ltd. bought a new stake in shares of CyberArk Software in the 4th quarter valued at about $1,166,000. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Trading Up 1.9 %

CyberArk Software stock traded up $6.77 during trading hours on Tuesday, reaching $357.77. 125,672 shares of the stock were exchanged, compared to its average volume of 494,248. The stock has a 50 day moving average of $364.42 and a two-hundred day moving average of $324.32. The company has a market cap of $17.68 billion, a P/E ratio of -183.47 and a beta of 1.06. CyberArk Software has a twelve month low of $223.41 and a twelve month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) 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%. On average, analysts expect that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Citigroup upped their price target on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Morgan Stanley assumed coverage on CyberArk Software in a research note on Tuesday, March 18th. They issued an “equal weight” rating for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a research report on Monday, January 27th. Robert W. Baird increased their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Tuesday, February 25th. Finally, Piper Sandler upped their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $418.15.

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.