Sheets Smith Wealth Management Grows Stake in CyberArk Software Ltd. (NASDAQ:CYBR)

Sheets Smith Wealth Management boosted its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 3.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,962 shares of the technology company’s stock after buying an additional 85 shares during the period. Sheets Smith Wealth Management’s holdings in CyberArk Software were worth $987,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CyberArk Software in the 4th quarter valued at $25,000. Assetmark Inc. grew its holdings in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software in the third quarter worth about $51,000. Kieckhefer Group LLC purchased a new stake in CyberArk Software during the 4th quarter valued at about $67,000. Finally, Future Financial Wealth Managment LLC acquired a new stake in CyberArk Software in the 3rd quarter valued at about $87,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 1.0 %

CyberArk Software stock opened at $355.58 on Wednesday. The stock has a market cap of $15.49 billion, a P/E ratio of 1,317.01 and a beta of 1.13. The company has a fifty day simple moving average of $325.25 and a 200-day simple moving average of $293.63. CyberArk Software Ltd. has a 12-month low of $223.09 and a 12-month high of $363.00.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter last year, the company earned ($0.31) EPS. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of analyst reports. Wedbush upped their price target on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. Oppenheimer boosted their price objective on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 22nd. Morgan Stanley reiterated an “equal weight” rating and set a $316.00 price target on shares of CyberArk Software in a report on Tuesday, December 31st. Canaccord Genuity Group upped their price objective on shares of CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Finally, Mizuho boosted their target price 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. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $358.74.

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.