Cerity Partners LLC Has $15.38 Million Holdings in CyberArk Software Ltd. (NASDAQ:CYBR)

Cerity Partners LLC lifted its holdings in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 5.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,745 shares of the technology company’s stock after buying an additional 2,507 shares during the quarter. Cerity Partners LLC owned about 0.12% of CyberArk Software worth $15,381,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CYBR. Mather Group LLC. acquired a new stake in CyberArk Software during the 2nd quarter worth $27,000. ORG Partners LLC acquired a new stake in shares of CyberArk Software during the second quarter worth $33,000. 1620 Investment Advisors Inc. bought a new stake in CyberArk Software in the second quarter valued at about $39,000. Assetmark Inc. lifted its stake in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares during the period. Finally, Arcadia Investment Management Corp MI lifted its stake in CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares during the period. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Up 1.5 %

NASDAQ:CYBR opened at $324.37 on Tuesday. CyberArk Software Ltd. has a twelve month low of $191.56 and a twelve month high of $332.05. The firm has a market capitalization of $14.13 billion, a price-to-earnings ratio of 1,184.23 and a beta of 1.13. The stock’s 50 day moving average price is $290.18 and its two-hundred day moving average price is $270.44.

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 analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the company earned ($0.31) earnings per share. As a group, analysts anticipate that CyberArk Software Ltd. will post -0.62 earnings per share for the current year.

Wall Street Analyst Weigh In

CYBR has been the subject of a number of recent analyst reports. JMP Securities upped their price target on CyberArk Software from $310.00 to $360.00 and gave the company a “market outperform” rating in a research note on Thursday, November 14th. Piper Sandler boosted their price objective on shares of CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $335.00 target price on shares of CyberArk Software in a report on Thursday, November 14th. BTIG Research boosted their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Susquehanna raised their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software 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.