O Neil Global Advisors Inc. Makes New $1.81 Million Investment in CyberArk Software Ltd. (NASDAQ:CYBR)

O Neil Global Advisors Inc. bought a new stake in shares of CyberArk Software Ltd. (NASDAQ:CYBR) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 6,626 shares of the technology company’s stock, valued at approximately $1,812,000. CyberArk Software comprises about 0.9% of O Neil Global Advisors Inc.’s investment portfolio, making the stock its 20th biggest holding.

A number of other hedge funds also recently made changes to their positions in the business. Principal Securities Inc. purchased a new position in CyberArk Software in the fourth quarter valued at about $100,000. Vanguard Personalized Indexing Management LLC grew its holdings in CyberArk Software by 16.4% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 1,876 shares of the technology company’s stock valued at $411,000 after purchasing an additional 264 shares during the period. Janney Montgomery Scott LLC increased its position in CyberArk Software by 63.4% in the fourth quarter. Janney Montgomery Scott LLC now owns 7,766 shares of the technology company’s stock worth $1,701,000 after buying an additional 3,014 shares during the last quarter. Foundations Investment Advisors LLC increased its holdings in CyberArk Software by 24.3% in the 4th quarter. Foundations Investment Advisors LLC now owns 1,829 shares of the technology company’s stock worth $432,000 after acquiring an additional 357 shares during the last quarter. Finally, Beacon Pointe Advisors LLC raised its stake in CyberArk Software by 66.0% in the 4th quarter. Beacon Pointe Advisors LLC now owns 16,577 shares of the technology company’s stock valued at $3,631,000 after acquiring an additional 6,591 shares during the period. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Down 0.4 %

Shares of NASDAQ:CYBR opened at $271.53 on Friday. The stock has a market cap of $11.47 billion, a PE ratio of -424.27 and a beta of 1.11. The company’s fifty day moving average is $268.72 and its 200 day moving average is $257.39. CyberArk Software Ltd. has a 52 week low of $152.03 and a 52 week high of $293.31.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. The firm had revenue of $224.71 million for the quarter, compared to the consensus estimate of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The company’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.58) earnings per share. Sell-side analysts anticipate that CyberArk Software Ltd. will post -1.06 EPS for the current year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on CYBR shares. Susquehanna lifted their target price on shares of CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Barclays boosted their price objective on CyberArk Software from $280.00 to $315.00 and gave the company an “overweight” rating in a research note on Thursday, July 11th. Canaccord Genuity Group cut their target price on CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Guggenheim reiterated a “buy” rating and set a $300.00 price target on shares of CyberArk Software in a research report on Tuesday, June 25th. Finally, JMP Securities restated a “market outperform” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Monday, June 17th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $290.83.

About CyberArk Software

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.