KRS Capital Management LLC Increases Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

KRS Capital Management LLC lifted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 9.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,800 shares of the technology company’s stock after purchasing an additional 240 shares during the quarter. KRS Capital Management LLC’s holdings in CyberArk Software were worth $744,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Congress Asset Management Co. MA grew its holdings in CyberArk Software by 29.3% in the first quarter. Congress Asset Management Co. MA now owns 50,097 shares of the technology company’s stock valued at $13,307,000 after purchasing an additional 11,345 shares during the period. Contour Asset Management LLC acquired a new stake in CyberArk Software in the fourth quarter valued at approximately $48,605,000. Virtu Financial LLC grew its holdings in CyberArk Software by 356.2% in the fourth quarter. Virtu Financial LLC now owns 9,508 shares of the technology company’s stock valued at $2,083,000 after purchasing an additional 7,424 shares during the period. KBC Group NV acquired a new stake in CyberArk Software in the fourth quarter valued at approximately $6,021,000. Finally, Benjamin F. Edwards & Company Inc. acquired a new stake in CyberArk Software in the fourth quarter valued at approximately $290,000. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CYBR has been the topic of several research reports. Wedbush restated an “outperform” rating and issued a $285.00 target price on shares of CyberArk Software in a research report on Friday, May 3rd. DA Davidson lifted their price objective on CyberArk Software from $275.00 to $285.00 and gave the stock a “buy” rating in a research report on Wednesday, May 22nd. BTIG Research initiated coverage on CyberArk Software in a research report on Thursday, March 28th. They set a “buy” rating and a $317.00 price objective on the stock. JMP Securities reiterated a “market outperform” rating and set a $310.00 price objective on shares of CyberArk Software in a research report on Monday, June 17th. Finally, Bank of America reiterated a “buy” rating and set a $315.00 price objective on shares of CyberArk Software in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $275.00.

CyberArk Software Trading Up 1.1 %

CYBR traded up $3.02 on Friday, hitting $273.42. 499,116 shares of the company were exchanged, compared to its average volume of 559,943. CyberArk Software Ltd. has a twelve month low of $142.92 and a twelve month high of $283.00. The firm has a 50-day moving average price of $243.93 and a two-hundred day moving average price of $243.21.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, topping the consensus estimate 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 firm had revenue of $221.55 million during the quarter, compared to analysts’ expectations of $213.42 million. Sell-side analysts expect 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.