iA Global Asset Management Inc. Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

iA Global Asset Management Inc. purchased a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 16,670 shares of the technology company’s stock, valued at approximately $4,428,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Montag A & Associates Inc. acquired a new position in shares of CyberArk Software in the 1st quarter worth approximately $27,000. Blue Bell Private Wealth Management LLC purchased a new position in shares of CyberArk Software during the first quarter worth $34,000. Arcadia Investment Management Corp MI purchased a new position in shares of CyberArk Software during the first quarter worth $34,000. FinTrust Capital Advisors LLC acquired a new stake in shares of CyberArk Software in the fourth quarter valued at $34,000. Finally, Central Bank & Trust Co. purchased a new stake in shares of CyberArk Software in the 1st quarter valued at $53,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CYBR. Guggenheim reaffirmed a “buy” rating and issued a $300.00 target price on shares of CyberArk Software in a research report on Tuesday, June 25th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research note on Monday, July 22nd. Bank of America reiterated a “buy” rating and set a $315.00 target price on shares of CyberArk Software in a report on Wednesday, April 24th. DA Davidson boosted their price target on shares of CyberArk Software from $275.00 to $285.00 and gave the stock a “buy” rating in a research note on Wednesday, May 22nd. Finally, Wedbush reiterated an “outperform” rating and issued a $285.00 price objective on shares of CyberArk Software in a research note on Friday, May 3rd. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to MarketBeat, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $280.63.

CyberArk Software Stock Down 0.5 %

NASDAQ:CYBR traded down $1.28 during mid-day trading on Thursday, reaching $255.10. 456,627 shares of the stock were exchanged, compared to its average volume of 546,091. The stock has a market capitalization of $10.78 billion, a P/E ratio of -402.03 and a beta of 1.14. CyberArk Software Ltd. has a 1 year low of $142.92 and a 1 year high of $284.10. The company has a 50 day simple moving average of $256.19 and a 200-day simple moving average of $251.66.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The business had revenue of $221.55 million for the quarter, compared to analysts’ expectations of $213.42 million. As a group, research analysts predict that CyberArk Software Ltd. will post -1.24 EPS for the current year.

About CyberArk Software

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.