Sycomore Asset Management Purchases 4,864 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Sycomore Asset Management boosted its position in CyberArk Software Ltd. (NASDAQ:CYBR) by 14.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,755 shares of the technology company’s stock after buying an additional 4,864 shares during the period. CyberArk Software makes up approximately 1.8% of Sycomore Asset Management’s portfolio, making the stock its 16th biggest position. Sycomore Asset Management’s holdings in CyberArk Software were worth $8,322,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in CYBR. Jennison Associates LLC boosted its stake in shares of CyberArk Software by 81.4% in the 4th quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock worth $230,871,000 after buying an additional 472,961 shares during the last quarter. Acadian Asset Management LLC boosted its stake in shares of CyberArk Software by 226.3% in the 3rd quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock worth $48,434,000 after buying an additional 205,224 shares during the last quarter. Polar Capital Holdings Plc boosted its stake in shares of CyberArk Software by 15.4% in the 3rd quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company’s stock worth $97,412,000 after buying an additional 79,506 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in shares of CyberArk Software by 36.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 270,313 shares of the technology company’s stock worth $44,269,000 after buying an additional 72,883 shares during the last quarter. Finally, Lisanti Capital Growth LLC boosted its stake in shares of CyberArk Software by 539.5% in the 3rd quarter. Lisanti Capital Growth LLC now owns 60,725 shares of the technology company’s stock worth $9,945,000 after buying an additional 51,230 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

CYBR traded up $4.42 during trading on Wednesday, reaching $244.53. The stock had a trading volume of 579,844 shares, compared to its average volume of 578,935. The stock has a market cap of $10.33 billion, a PE ratio of -150.94 and a beta of 1.05. CyberArk Software Ltd. has a one year low of $120.11 and a one year high of $283.00. The business has a 50-day moving average of $256.77 and a 200-day moving average of $222.72.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The business had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $209.65 million. Equities research analysts forecast that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. BTIG Research began coverage on CyberArk Software in a research note on Thursday, March 28th. They issued a “buy” rating and a $317.00 target price on the stock. UBS Group upped their price objective on CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a research note on Wednesday, January 10th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Wednesday, April 17th. Needham & Company LLC upped their price objective on CyberArk Software from $245.00 to $310.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Finally, Susquehanna upped their price objective on CyberArk Software from $255.00 to $310.00 and gave the company a “positive” rating in a research note on Friday, February 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and an average target price of $258.54.

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.