First Dallas Securities Inc. Has $425,000 Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

First Dallas Securities Inc. lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,600 shares of the technology company’s stock after buying an additional 50 shares during the quarter. First Dallas Securities Inc.’s holdings in CyberArk Software were worth $425,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CYBR. FinTrust Capital Advisors LLC acquired a new stake in CyberArk Software during the 4th quarter valued at $34,000. Central Bank & Trust Co. bought a new position in CyberArk Software during the first quarter worth about $53,000. Desjardins Global Asset Management Inc. increased its stake in CyberArk Software by 22.1% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after acquiring an additional 51 shares during the period. Future Financial Wealth Managment LLC acquired a new position in CyberArk Software in the first quarter valued at about $80,000. Finally, Principal Securities Inc. bought a new position in shares of CyberArk Software in the 4th quarter valued at $100,000. 91.84% of the stock is owned by institutional investors.

Analyst Ratings Changes

CYBR has been the topic of several research analyst reports. Wedbush restated an “outperform” rating and set a $285.00 target price on shares of CyberArk Software in a research report on Friday, May 3rd. Guggenheim reiterated a “buy” rating and issued a $300.00 price target on shares of CyberArk Software in a report on Tuesday. Canaccord Genuity Group cut their target price on CyberArk Software from $300.00 to $280.00 and set a “buy” rating on the stock in a report on Tuesday, June 4th. DA Davidson raised their price target on shares of CyberArk Software from $275.00 to $285.00 and gave the company a “buy” rating in a research report on Wednesday, May 22nd. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Monday, June 17th. Two analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat, CyberArk Software presently has an average rating of “Moderate Buy” and an average target price of $275.00.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded up $3.02 during midday trading on Friday, hitting $273.42. 499,116 shares of the stock traded hands, compared to its average volume of 559,943. CyberArk Software Ltd. has a one year low of $142.92 and a one year high of $283.00. The firm has a market capitalization of $11.55 billion, a P/E ratio of -427.22 and a beta of 1.08. The firm has a 50-day moving average of $243.93 and a two-hundred day moving average of $243.21.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The business had revenue of $221.55 million for the quarter, compared to analysts’ expectations of $213.42 million. Equities analysts forecast that CyberArk Software Ltd. will post -1.24 earnings per share for the current fiscal year.

CyberArk Software Company 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.