40,576 Shares in CyberArk Software Ltd. $CYBR Acquired by Gabelli Funds LLC

Gabelli Funds LLC acquired a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 40,576 shares of the technology company’s stock, valued at approximately $19,604,000. Gabelli Funds LLC owned about 0.08% of CyberArk Software at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in CYBR. AQR Capital Management LLC acquired a new stake in shares of CyberArk Software in the 1st quarter valued at $284,000. Bank of Montreal Can raised its holdings in shares of CyberArk Software by 8.8% during the 2nd quarter. Bank of Montreal Can now owns 33,056 shares of the technology company’s stock worth $13,450,000 after buying an additional 2,669 shares in the last quarter. Huntington National Bank lifted its position in shares of CyberArk Software by 62.2% during the 2nd quarter. Huntington National Bank now owns 219 shares of the technology company’s stock worth $89,000 after buying an additional 84 shares during the last quarter. Moors & Cabot Inc. bought a new stake in shares of CyberArk Software during the 2nd quarter worth $211,000. Finally, First Horizon Advisors Inc. boosted its stake in CyberArk Software by 330.6% in the second quarter. First Horizon Advisors Inc. now owns 211 shares of the technology company’s stock valued at $86,000 after buying an additional 162 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CYBR has been the topic of a number of recent analyst reports. Jefferies Financial Group cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. DA Davidson raised their price target on shares of CyberArk Software from $518.00 to $573.00 and gave the company a “buy” rating in a research note on Thursday, February 5th. Piper Sandler set a $474.00 price target on shares of CyberArk Software in a report on Wednesday, December 17th. Zacks Research upgraded shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, January 7th. Finally, Barclays dropped their price objective on shares of CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, twenty-two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $459.95.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $408.85 on Friday. The company has a market capitalization of $20.64 billion, a price-to-earnings ratio of -139.54, a PEG ratio of 18.11 and a beta of 0.91. The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. CyberArk Software Ltd. has a twelve month low of $288.63 and a twelve month high of $526.19. The stock has a fifty day simple moving average of $428.09 and a 200 day simple moving average of $459.56.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.15 by $0.18. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The firm had revenue of $372.65 million for the quarter, compared to the consensus estimate of $377.22 million. During the same period in the previous year, the business earned $0.80 EPS. The business’s quarterly revenue was up 18.5% compared to the same quarter last year. Sell-side analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current year.

CyberArk Software Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.