JB Capital LLC Purchases 380 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

JB Capital LLC boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,497 shares of the technology company’s stock after acquiring an additional 380 shares during the quarter. JB Capital LLC’s holdings in CyberArk Software were worth $2,164,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Jennison Associates LLC boosted its stake in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after buying an additional 9,570 shares in the last quarter. Groupama Asset Managment grew its holdings in shares of CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares during the last quarter. Nepsis Inc. increased its position in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after purchasing an additional 505,088 shares in the last quarter. Swedbank AB lifted its stake in CyberArk Software by 19.0% in the 4th quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock valued at $181,600,000 after purchasing an additional 87,201 shares during the last quarter. Finally, Whale Rock Capital Management LLC boosted its position in CyberArk Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock valued at $134,422,000 after buying an additional 14,927 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Price Performance

Shares of CYBR stock opened at $370.98 on Monday. The firm has a 50-day moving average of $335.12 and a 200-day moving average of $299.49. CyberArk Software Ltd. has a one year low of $223.09 and a one year high of $378.62. The company has a market cap of $16.16 billion, a P/E ratio of 1,374.05 and a beta of 1.15.

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

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of research reports. Wells Fargo & Company boosted their price objective on CyberArk Software from $410.00 to $425.00 and gave the stock an “overweight” rating in a research report on Monday, January 27th. Barclays boosted their price target on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Oppenheimer lifted their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Mizuho upped their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Susquehanna boosted 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. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $367.44.

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.