Sanctuary Advisors LLC Has $2.72 Million Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Sanctuary Advisors LLC lifted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,149 shares of the technology company’s stock after acquiring an additional 235 shares during the quarter. Sanctuary Advisors LLC’s holdings in CyberArk Software were worth $2,715,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Creative Planning raised its position in CyberArk Software by 14.0% during the 3rd quarter. Creative Planning now owns 11,971 shares of the technology company’s stock worth $3,491,000 after purchasing an additional 1,471 shares during the last quarter. Signaturefd LLC raised its position in CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after purchasing an additional 49 shares during the last quarter. Greenleaf Trust raised its position in CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after purchasing an additional 45 shares during the last quarter. International Assets Investment Management LLC bought a new position in CyberArk Software during the 3rd quarter worth $82,485,000. Finally, Hennion & Walsh Asset Management Inc. raised its position in CyberArk Software by 3.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 6,134 shares of the technology company’s stock worth $1,789,000 after purchasing an additional 214 shares during the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CYBR. Mizuho raised their target price on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Truist Financial raised their target price on CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. StockNews.com lowered CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday. Oppenheimer raised their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research report on Wednesday, February 5th. Finally, DA Davidson lifted their price objective on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Price Performance

Shares of CYBR opened at $383.29 on Friday. The stock has a 50-day moving average of $356.42 and a 200-day moving average of $313.57. The company has a market cap of $16.70 billion, a PE ratio of -196.56 and a beta of 1.15. CyberArk Software Ltd. has a one year low of $223.41 and a one year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its quarterly 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%. Analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal 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.