NBW Capital LLC Grows Stock Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

NBW Capital LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 66.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,920 shares of the technology company’s stock after acquiring an additional 5,980 shares during the period. NBW Capital LLC’s holdings in CyberArk Software were worth $4,971,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. LGT Fund Management Co Ltd. grew its stake in CyberArk Software by 42.4% in the 4th quarter. LGT Fund Management Co Ltd. now owns 17,321 shares of the technology company’s stock worth $5,770,000 after acquiring an additional 5,155 shares during the period. LGT Group Foundation grew its stake in CyberArk Software by 42.7% in the 4th quarter. LGT Group Foundation now owns 85,403 shares of the technology company’s stock worth $28,452,000 after acquiring an additional 25,570 shares during the period. Plato Investment Management Ltd purchased a new stake in CyberArk Software in the 4th quarter worth approximately $39,000. Clal Insurance Enterprises Holdings Ltd grew its stake in CyberArk Software by 138.8% in the 4th quarter. Clal Insurance Enterprises Holdings Ltd now owns 143,252 shares of the technology company’s stock worth $47,724,000 after acquiring an additional 83,252 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in CyberArk Software by 2,123.3% in the 4th quarter. Jones Financial Companies Lllp now owns 667 shares of the technology company’s stock worth $222,000 after acquiring an additional 637 shares during the period. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

CYBR opened at $353.56 on Tuesday. The company has a 50-day moving average of $362.10 and a 200-day moving average of $317.92. The company has a market capitalization of $15.41 billion, a P/E ratio of -181.31 and a beta of 1.15. CyberArk Software Ltd. has a 1-year low of $223.41 and a 1-year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts expect that CyberArk Software Ltd. will post -0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the subject of several recent analyst reports. Barclays lifted their target price on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. 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 report on Friday, December 13th. Robert W. Baird lifted their price target on shares of CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Truist Financial lifted their price target on shares of CyberArk Software from $385.00 to $450.00 and gave the company a “buy” rating in a report on Friday, February 14th. Finally, Susquehanna lifted their price target on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Two equities research 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Company 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.