Magnetar Financial LLC Makes New $273,000 Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Magnetar Financial LLC bought a new position in CyberArk Software Ltd. (NASDAQ:CYBR) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 819 shares of the technology company’s stock, valued at approximately $273,000.

Other large investors have also added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software during the fourth quarter valued at about $25,000. Plato Investment Management Ltd acquired a new position in shares of CyberArk Software during the fourth quarter valued at about $39,000. Montag A & Associates Inc. increased its holdings in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after acquiring an additional 42 shares in the last quarter. Brown Lisle Cummings Inc. acquired a new position in shares of CyberArk Software during the fourth quarter valued at about $50,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of CyberArk Software by 54.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 198 shares of the technology company’s stock valued at $66,000 after acquiring an additional 70 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $351.76 on Monday. CyberArk Software Ltd. has a 1 year low of $223.41 and a 1 year high of $421.00. The firm has a market capitalization of $17.39 billion, a price-to-earnings ratio of -180.39 and a beta of 1.06. The business’s 50 day moving average price is $364.16 and its 200-day moving average price is $323.75.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results 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 negative net margin of 9.34% and a positive return on equity of 0.45%. On average, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

CYBR has been the topic of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and issued a $480.00 price target on shares of CyberArk Software in a report on Thursday. JMP Securities increased their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. StockNews.com downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Morgan Stanley initiated coverage on shares of CyberArk Software in a report on Tuesday, March 18th. They issued an “equal weight” rating on the stock. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $418.15.

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.