GABELLI & Co INVESTMENT ADVISERS INC. Makes New $22.24 Million Investment in CyberArk Software Ltd. $CYBR

GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in CyberArk Software Ltd. (NASDAQ:CYBR) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm bought 46,025 shares of the technology company’s stock, valued at approximately $22,237,000. CyberArk Software accounts for about 3.6% of GABELLI & Co INVESTMENT ADVISERS INC.’s holdings, making the stock its 4th biggest holding. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.09% of CyberArk Software at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Left Brain Wealth Management LLC boosted its position in shares of CyberArk Software by 3.7% during the 3rd quarter. Left Brain Wealth Management LLC now owns 1,522 shares of the technology company’s stock worth $735,000 after acquiring an additional 55 shares in the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of CyberArk Software by 0.3% in the 3rd quarter. Aptus Capital Advisors LLC now owns 9,552 shares of the technology company’s stock valued at $4,615,000 after purchasing an additional 30 shares in the last quarter. Barclays PLC boosted its holdings in shares of CyberArk Software by 948.3% in the 3rd quarter. Barclays PLC now owns 471,411 shares of the technology company’s stock valued at $227,762,000 after purchasing an additional 426,441 shares in the last quarter. Solstein Capital LLC increased its stake in shares of CyberArk Software by 24.3% in the 3rd quarter. Solstein Capital LLC now owns 12,806 shares of the technology company’s stock valued at $6,187,000 after purchasing an additional 2,500 shares during the last quarter. Finally, ARK Investment Management LLC raised its holdings in shares of CyberArk Software by 1.8% during the 3rd quarter. ARK Investment Management LLC now owns 5,062 shares of the technology company’s stock worth $2,446,000 after buying an additional 90 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on CYBR. Mizuho dropped their price objective on CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research report on Thursday, February 5th. Weiss Ratings restated a “sell (d-)” rating on shares of CyberArk Software in a research note on Thursday, January 29th. Zacks Research raised shares of CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. JPMorgan Chase & Co. dropped their price objective on shares of CyberArk Software from $474.00 to $425.00 and set a “neutral” rating for the company in a research note on Monday, February 9th. Finally, Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, twenty-two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $459.95.

CyberArk Software Trading Down 0.1%

Shares of CYBR stock opened at $408.85 on Friday. The company has a current ratio of 2.00, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51. The stock has a market cap 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 stock has a 50-day moving average of $429.01 and a 200-day moving average of $459.45. CyberArk Software Ltd. has a 1-year low of $288.63 and a 1-year high of $526.19.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 earnings per share 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 during the quarter, compared to analyst estimates of $377.22 million. During the same period last year, the company posted $0.80 EPS. The business’s quarterly revenue was up 18.5% on a year-over-year basis. On average, equities research analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

CyberArk Software Company 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.