IFG Advisory LLC Makes New $203,000 Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

IFG Advisory LLC bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 742 shares of the technology company’s stock, valued at approximately $203,000.

Several other large investors have also modified their holdings of the stock. Montag A & Associates Inc. acquired a new position in CyberArk Software in the 1st quarter valued at $27,000. Mather Group LLC. purchased a new stake in shares of CyberArk Software in the second quarter valued at approximately $27,000. ORG Partners LLC acquired a new position in CyberArk Software during the second quarter worth $33,000. Blue Bell Private Wealth Management LLC purchased a new position in CyberArk Software in the first quarter worth $34,000. Finally, FinTrust Capital Advisors LLC purchased a new stake in shares of CyberArk Software during the 4th quarter worth $34,000. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 0.1 %

Shares of CyberArk Software stock opened at $286.74 on Tuesday. The firm has a market cap of $12.12 billion, a PE ratio of -448.03 and a beta of 1.14. CyberArk Software Ltd. has a fifty-two week low of $152.03 and a fifty-two week high of $293.31. The business’s fifty day moving average is $268.79 and its two-hundred day moving average is $256.49.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The firm’s quarterly revenue was up 27.8% on a year-over-year basis. During the same period last year, the company earned ($0.58) EPS. Equities research analysts anticipate that CyberArk Software Ltd. will post -1.08 EPS for the current year.

Analysts Set New Price Targets

CYBR has been the subject of several recent analyst reports. JMP Securities reiterated a “market outperform” rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Monday, June 17th. Robert W. Baird lifted their price objective on CyberArk Software from $295.00 to $315.00 and gave the stock an “outperform” rating in a report on Friday, August 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a report on Friday, August 9th. KeyCorp lifted their price target on CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, DA Davidson increased their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average price target of $290.83.

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.