Graney & King LLC Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Graney & King LLC bought a new position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 128 shares of the technology company’s stock, valued at approximately $43,000.

A number of other institutional investors and hedge funds also recently modified their holdings of CYBR. TD Private Client Wealth LLC grew its holdings in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares during the period. Coldstream Capital Management Inc. boosted its position in shares of CyberArk Software by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after purchasing an additional 42 shares in the last quarter. Montag A & Associates Inc. grew its holdings in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after buying an additional 42 shares during the period. Venturi Wealth Management LLC increased its position in shares of CyberArk Software by 6.9% in the 4th quarter. Venturi Wealth Management LLC now owns 805 shares of the technology company’s stock valued at $268,000 after buying an additional 52 shares in the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in CyberArk Software by 1.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 3,827 shares of the technology company’s stock worth $1,275,000 after buying an additional 53 shares during the period. 91.84% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CYBR has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price target on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Robert W. Baird raised their target price on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Tuesday, February 25th. Mizuho lifted their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Scotiabank increased their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, Morgan Stanley started coverage on shares of CyberArk Software in a research report on Tuesday, March 18th. They issued an “equal weight” rating on the stock. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Stock Performance

CyberArk Software stock opened at $348.42 on Thursday. The stock has a 50-day simple moving average of $364.78 and a 200 day simple moving average of $325.14. The stock has a market capitalization of $17.22 billion, a P/E ratio of -178.68 and a beta of 1.06. CyberArk Software Ltd. has a 52 week low of $223.41 and a 52 week high of $421.00.

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

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.