Level Four Advisory Services LLC Acquires 497 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Level Four Advisory Services LLC increased its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 9.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,916 shares of the technology company’s stock after buying an additional 497 shares during the period. Level Four Advisory Services LLC’s holdings in CyberArk Software were worth $1,971,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software in the fourth quarter worth $25,000. TD Private Client Wealth LLC lifted its holdings in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares during the period. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software in the 4th quarter valued at about $39,000. Graney & King LLC acquired a new stake in shares of CyberArk Software in the fourth quarter valued at about $43,000. Finally, Montag A & Associates Inc. lifted its stake in shares of CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after acquiring an additional 42 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CYBR has been the subject of several recent analyst reports. Rosenblatt Securities reiterated a “buy” rating and set a $445.00 price objective on shares of CyberArk Software in a research report on Wednesday, February 26th. Canaccord Genuity Group lifted their target price on CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $415.00 price objective on shares of CyberArk Software in a research report on Monday, January 27th. Royal Bank of Canada boosted their target price on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Finally, Piper Sandler raised their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.15.

CyberArk Software Stock Performance

CyberArk Software stock opened at $335.74 on Friday. CyberArk Software Ltd. has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The firm’s 50-day simple moving average is $364.16 and its 200 day simple moving average is $326.24. The stock has a market cap of $16.59 billion, a PE ratio of -172.17 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced 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%. As a group, analysts predict 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.