Taylor Frigon Capital Management LLC boosted its holdings in shares of Cyberark Software Ltd (NASDAQ:CYBR) by 91.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 20,033 shares of the technology company’s stock after buying an additional 9,596 shares during the quarter. Cyberark Software comprises 1.8% of Taylor Frigon Capital Management LLC’s portfolio, making the stock its 11th biggest holding. Taylor Frigon Capital Management LLC’s holdings in Cyberark Software were worth $2,561,000 as of its most recent SEC filing.
Other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its position in shares of Cyberark Software by 3.8% in the fourth quarter. BlackRock Inc. now owns 668,893 shares of the technology company’s stock valued at $49,592,000 after buying an additional 24,783 shares in the last quarter. Raymond James & Associates increased its position in shares of Cyberark Software by 50.8% during the fourth quarter. Raymond James & Associates now owns 21,266 shares of the technology company’s stock worth $1,577,000 after purchasing an additional 7,164 shares in the last quarter. Stifel Financial Corp increased its position in shares of Cyberark Software by 15.3% during the fourth quarter. Stifel Financial Corp now owns 22,881 shares of the technology company’s stock worth $1,689,000 after purchasing an additional 3,043 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Cyberark Software by 29.1% during the fourth quarter. Geode Capital Management LLC now owns 46,974 shares of the technology company’s stock worth $3,482,000 after purchasing an additional 10,592 shares in the last quarter. Finally, Principal Financial Group Inc. purchased a new stake in shares of Cyberark Software during the fourth quarter worth approximately $13,737,000. 71.67% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ:CYBR traded down $0.36 during trading hours on Friday, hitting $146.61. The company had a trading volume of 19,349 shares, compared to its average volume of 656,390. The business’s 50-day moving average price is $131.87. The firm has a market capitalization of $5.55 billion, a P/E ratio of 102.32, a P/E/G ratio of 7.62 and a beta of 1.58. Cyberark Software Ltd has a 1 year low of $59.02 and a 1 year high of $148.19.
Cyberark Software (NASDAQ:CYBR) last issued its earnings results on Tuesday, May 14th. The technology company reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.33. The company had revenue of $95.94 million during the quarter, compared to analysts’ expectations of $92.42 million. Cyberark Software had a return on equity of 12.73% and a net margin of 14.79%. The firm’s quarterly revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. Sell-side analysts expect that Cyberark Software Ltd will post 1.2 earnings per share for the current year.
CYBR has been the subject of several research reports. Barclays set a $14.00 price target on Vale and gave the stock a “buy” rating in a research report on Friday, April 12th. Bank of America upgraded Esperion Therapeutics from an “underperform” rating to a “neutral” rating in a research report on Monday, May 6th. Citigroup boosted their price target on Cyberark Software from $111.00 to $130.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 15th. Berenberg Bank reiterated a “buy” rating and set a GBX 3,600 ($47.04) price target on shares of in a research report on Friday, May 31st. Finally, Zacks Investment Research upgraded Golub Capital BDC from a “hold” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Tuesday, July 16th. Three analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $113.00.
Cyberark Software Company Profile
CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.
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