CyberArk Software Ltd. (NASDAQ:CYBR) Shares Acquired by MCF Advisors LLC

MCF Advisors LLC lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 1,577.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 369 shares of the technology company’s stock after buying an additional 347 shares during the quarter. MCF Advisors LLC’s holdings in CyberArk Software were worth $123,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software during the 4th quarter worth approximately $25,000. Assetmark Inc. increased 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 in the last quarter. Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software during the third quarter worth approximately $51,000. Kieckhefer Group LLC purchased a new stake in shares of CyberArk Software during the fourth quarter worth approximately $67,000. Finally, Future Financial Wealth Managment LLC purchased a new stake in shares of CyberArk Software during the third quarter worth approximately $87,000. 91.84% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JMP Securities reiterated a “market outperform” rating and set a $360.00 price target on shares of CyberArk Software in a research report on Tuesday, January 14th. Needham & Company LLC boosted their price target on CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a research report on Thursday, January 9th. StockNews.com upgraded CyberArk Software from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Robert W. Baird upped their target price on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $335.00 target price on shares of CyberArk Software in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $358.74.

CyberArk Software Trading Up 0.9 %

NASDAQ:CYBR opened at $358.63 on Thursday. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $364.18. The firm has a market cap of $15.63 billion, a PE ratio of 1,328.31 and a beta of 1.13. The stock has a fifty day moving average price of $326.34 and a 200 day moving average price of $294.20.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.31) earnings per share. Equities analysts forecast that CyberArk Software Ltd. will post -0.58 EPS for the current year.

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.