Arcadia Investment Management Corp MI Acquires 54 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Arcadia Investment Management Corp MI lifted its holdings in CyberArk Software Ltd. (NASDAQ:CYBR) by 42.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 182 shares of the technology company’s stock after buying an additional 54 shares during the period. Arcadia Investment Management Corp MI’s holdings in CyberArk Software were worth $50,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in CYBR. Atria Wealth Solutions Inc. bought a new stake in CyberArk Software during the fourth quarter worth approximately $246,000. Russell Investments Group Ltd. increased its position in shares of CyberArk Software by 8.3% during the 4th quarter. Russell Investments Group Ltd. now owns 21,013 shares of the technology company’s stock valued at $4,603,000 after purchasing an additional 1,619 shares during the last quarter. Benjamin F. Edwards & Company Inc. purchased a new stake in CyberArk Software during the 4th quarter valued at $290,000. Principal Securities Inc. bought a new stake in CyberArk Software in the fourth quarter worth $100,000. Finally, Trivest Advisors Ltd purchased a new position in CyberArk Software during the fourth quarter worth $28,861,000. 91.84% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CYBR has been the topic of several recent analyst reports. Rosenblatt Securities reissued a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Tuesday, August 6th. Canaccord Genuity Group decreased their price objective on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Susquehanna raised their price objective on shares of CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Barclays raised their price objective on shares of CyberArk Software from $280.00 to $315.00 and gave the stock an “overweight” rating in a research note on Thursday, July 11th. Finally, Wedbush raised their price objective on shares of CyberArk Software from $285.00 to $300.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $290.83.

CyberArk Software Price Performance

NASDAQ CYBR traded down $0.14 on Friday, hitting $269.36. The stock had a trading volume of 30,664 shares, compared to its average volume of 537,213. The business’s fifty day moving average price is $269.42 and its 200 day moving average price is $256.77. CyberArk Software Ltd. has a 52-week low of $152.03 and a 52-week high of $293.31. The stock has a market cap of $11.38 billion, a price-to-earnings ratio of -421.09 and a beta of 1.14.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. The business had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same period in the previous year, the company earned ($0.58) earnings per share. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -1.08 EPS for the current year.

CyberArk Software 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.