Eventide Asset Management LLC Makes New Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

Eventide Asset Management LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 6,079 shares of the technology company’s stock, valued at approximately $1,773,000.

Other large investors also recently modified their holdings of the company. Greenleaf Trust raised its stake in CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after buying an additional 45 shares in the last quarter. Signaturefd LLC increased its holdings in shares of CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after acquiring an additional 49 shares during the last quarter. Austin Private Wealth LLC raised its position in shares of CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after acquiring an additional 52 shares in the last quarter. Arcadia Investment Management Corp MI lifted its stake in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after purchasing an additional 54 shares during the last quarter. Finally, Juncture Wealth Strategies LLC boosted its holdings in CyberArk Software by 2.1% in the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock worth $825,000 after purchasing an additional 57 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Price Performance

CYBR opened at $323.51 on Friday. The business has a 50 day moving average price of $295.12 and a two-hundred day moving average price of $273.02. The company has a market capitalization of $14.10 billion, a price-to-earnings ratio of 1,198.23 and a beta of 1.13. CyberArk Software Ltd. has a 1-year low of $193.91 and a 1-year high of $332.05.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the prior year, the firm posted ($0.31) earnings per share. The company’s revenue was up 25.6% on a year-over-year basis. Equities analysts expect that CyberArk Software Ltd. will post -0.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Susquehanna increased their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. KeyCorp lifted their target price on CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. DA Davidson increased their price target on CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. Finally, Mizuho boosted their price objective on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $328.37.

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.