JB Capital LLC Has $1.78 Million Stock Position in CyberArk Software Ltd. (NASDAQ:CYBR)

JB Capital LLC grew its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,117 shares of the technology company’s stock after purchasing an additional 345 shares during the quarter. JB Capital LLC’s holdings in CyberArk Software were worth $1,784,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of CYBR. Geneos Wealth Management Inc. increased its stake in CyberArk Software by 64.7% in the 1st quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company’s stock worth $1,951,000 after acquiring an additional 2,885 shares during the last quarter. Russell Investments Group Ltd. grew its stake in CyberArk Software by 58.3% in the 1st quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock worth $8,830,000 after buying an additional 12,242 shares in the last quarter. Quadrature Capital Ltd bought a new position in shares of CyberArk Software in the 1st quarter worth $2,741,000. Price T Rowe Associates Inc. MD grew its position in CyberArk Software by 715.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company’s stock worth $14,946,000 after acquiring an additional 49,360 shares in the last quarter. Finally, Ensign Peak Advisors Inc bought a new stake in CyberArk Software during the second quarter worth about $711,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CYBR shares. Jefferies Financial Group increased their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Royal Bank of Canada initiated coverage on CyberArk Software in a report on Friday, September 20th. They issued an “outperform” rating and a $328.00 price objective for the company. Needham & Company LLC reissued a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. KeyCorp increased their price objective on CyberArk Software from $310.00 to $340.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Finally, Citigroup raised their price target on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. One investment analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $311.44.

CyberArk Software Stock Up 0.9 %

Shares of CYBR stock traded up $2.69 during trading on Thursday, hitting $297.14. 56,897 shares of the stock traded hands, compared to its average volume of 514,220. The firm’s fifty day moving average price is $282.40 and its 200-day moving average price is $264.53. CyberArk Software Ltd. has a 52-week low of $181.02 and a 52-week high of $308.63.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $224.71 million during the quarter, compared to the consensus estimate of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company’s revenue was up 27.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.58) earnings per share. On average, equities research analysts anticipate that CyberArk Software Ltd. will post -1.05 EPS for the current year.

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.