Exchange Traded Concepts LLC Buys 2,357 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Exchange Traded Concepts LLC increased its stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 32.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 9,571 shares of the technology company’s stock after purchasing an additional 2,357 shares during the quarter. Exchange Traded Concepts LLC’s holdings in CyberArk Software were worth $3,189,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software during the fourth quarter valued at $25,000. Assetmark Inc. boosted its stake in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the period. Transcendent Capital Group LLC bought a new position in CyberArk Software during the 3rd quarter valued at about $51,000. Kieckhefer Group LLC purchased a new stake in CyberArk Software in the 4th quarter worth about $67,000. Finally, Future Financial Wealth Managment LLC bought a new stake in CyberArk Software in the third quarter worth about $87,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on CYBR shares. UBS Group upped their target price on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. DA Davidson upped their price objective on CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research report on Friday, January 3rd. BTIG Research lifted their target price on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Stifel Nicolaus upped their price target on shares of CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Robert W. Baird lifted their price objective on shares of CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. One research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $358.74.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $359.72 on Friday. CyberArk Software Ltd. has a fifty-two week low of $223.09 and a fifty-two week high of $366.48. The firm has a market capitalization of $15.67 billion, a PE ratio of 1,332.35 and a beta of 1.13. The stock’s 50-day simple moving average is $329.93 and its 200-day simple moving average is $295.88.

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