Quent Capital LLC Purchases 700 Shares of CyberArk Software Ltd. (NASDAQ:CYBR)

Quent Capital LLC increased its position in shares of CyberArk Software Ltd. (NASDAQ:CYBR) by 22.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,800 shares of the technology company’s stock after purchasing an additional 700 shares during the quarter. Quent Capital LLC’s holdings in CyberArk Software were worth $832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. HighTower Advisors LLC lifted its holdings in shares of CyberArk Software by 1.1% in the third quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock worth $894,000 after acquiring an additional 60 shares during the last quarter. Regal Investment Advisors LLC lifted its holdings in shares of CyberArk Software by 1.6% in the third quarter. Regal Investment Advisors LLC now owns 3,911 shares of the technology company’s stock worth $641,000 after acquiring an additional 61 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of CyberArk Software by 2.3% in the third quarter. PNC Financial Services Group Inc. now owns 2,772 shares of the technology company’s stock worth $454,000 after acquiring an additional 63 shares during the last quarter. Sheets Smith Wealth Management lifted its holdings in shares of CyberArk Software by 2.5% in the third quarter. Sheets Smith Wealth Management now owns 2,778 shares of the technology company’s stock worth $455,000 after acquiring an additional 68 shares during the last quarter. Finally, State of Wyoming lifted its holdings in shares of CyberArk Software by 14.2% in the second quarter. State of Wyoming now owns 546 shares of the technology company’s stock worth $85,000 after acquiring an additional 68 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

Analysts Set New Price Targets

CYBR has been the subject of a number of research reports. Needham & Company LLC increased their target price on shares of CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Susquehanna raised their price objective on shares of CyberArk Software from $255.00 to $310.00 and gave the company a “positive” rating in a report on Friday, February 9th. Mizuho raised their price objective on shares of CyberArk Software from $250.00 to $310.00 and gave the company a “buy” rating in a report on Friday, February 9th. Citigroup raised their price objective on shares of CyberArk Software from $215.00 to $265.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Finally, Morgan Stanley lowered shares of CyberArk Software from an “overweight” rating to an “equal weight” rating and raised their price objective for the company from $195.00 to $240.00 in a report on Tuesday, January 9th. Two equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $258.54.

CyberArk Software Stock Up 0.9 %

Shares of CYBR stock opened at $265.63 on Friday. CyberArk Software Ltd. has a 52 week low of $120.11 and a 52 week high of $283.00. The firm has a 50 day moving average of $255.24 and a 200-day moving average of $212.15.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate of ($0.34) by $0.53. The company had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. Research analysts expect that CyberArk Software Ltd. will post -1.46 EPS for the current year.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.