Burney Co. Takes Position in CyberArk Software Ltd. (NASDAQ:CYBR)

Burney Co. purchased a new position in CyberArk Software Ltd. (NASDAQ:CYBR) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,809 shares of the technology company’s stock, valued at approximately $4,869,000.

A number of other large investors also recently bought and sold shares of the business. First Dallas Securities Inc. lifted its position in shares of CyberArk Software by 3.2% during the first quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock worth $425,000 after purchasing an additional 50 shares during the last quarter. Legato Capital Management LLC increased its stake in shares of CyberArk Software by 3.7% during the second quarter. Legato Capital Management LLC now owns 1,940 shares of the technology company’s stock valued at $530,000 after buying an additional 70 shares during the period. Fulton Bank N.A. increased its stake in shares of CyberArk Software by 4.5% during the second quarter. Fulton Bank N.A. now owns 2,151 shares of the technology company’s stock valued at $588,000 after buying an additional 92 shares during the period. Inscription Capital LLC raised its holdings in shares of CyberArk Software by 2.5% in the first quarter. Inscription Capital LLC now owns 4,100 shares of the technology company’s stock valued at $1,066,000 after acquiring an additional 100 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in CyberArk Software in the second quarter worth about $27,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CYBR shares. DA Davidson boosted their price target on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 9th. JMP Securities restated a “market outperform” rating and set a $310.00 target price on shares of CyberArk Software in a report on Monday, June 17th. KeyCorp lifted their price target on CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Robert W. Baird upped their price objective on CyberArk Software from $295.00 to $315.00 and gave the stock an “outperform” rating in a research note on Friday, August 9th. Finally, Guggenheim reaffirmed a “buy” rating and set a $300.00 price objective on shares of CyberArk Software in a research report on Tuesday, June 25th. Two investment 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, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $290.83.

CyberArk Software Trading Up 2.6 %

Shares of CYBR stock traded up $7.18 during mid-day trading on Thursday, reaching $287.13. The stock had a trading volume of 679,868 shares, compared to its average volume of 540,039. CyberArk Software Ltd. has a 1-year low of $152.03 and a 1-year high of $293.31. The firm has a market cap of $12.13 billion, a price-to-earnings ratio of -455.47 and a beta of 1.14. The business’s fifty day moving average is $267.11 and its 200-day moving average is $256.11.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. The company had revenue of $224.71 million for the quarter, compared to the consensus estimate of $219.06 million. During the same quarter in the prior year, the company earned ($0.58) EPS. CyberArk Software’s quarterly revenue was up 27.8% on a year-over-year basis. On average, analysts forecast that CyberArk Software Ltd. will post -1.24 earnings per share 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.