Stephens Upgrades CyberArk Software (NASDAQ:CYBR) to Strong-Buy

CyberArk Software (NASDAQ:CYBR) was upgraded by equities research analysts at Stephens to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

CYBR has been the subject of several other research reports. Mizuho increased their price objective on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Piper Sandler raised their price target on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. DA Davidson reiterated a “buy” rating and issued a $475.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Barclays upped their price objective on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, KeyCorp lifted their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $418.04.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $348.26 on Monday. CyberArk Software has a 52-week low of $223.41 and a 52-week high of $421.00. The company’s 50 day moving average price is $363.73 and its 200-day moving average price is $327.66. The stock has a market capitalization of $17.21 billion, a price-to-earnings ratio of -178.59 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, equities research analysts forecast that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

A number of institutional investors and hedge funds have recently modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CyberArk Software during the fourth quarter valued at $25,000. TD Private Client Wealth LLC raised its position in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares during the last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software during the 4th quarter valued at about $39,000. Graney & King LLC purchased a new stake in shares of CyberArk Software during the 4th quarter valued at about $43,000. Finally, Montag A & Associates Inc. boosted its holdings in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after acquiring an additional 42 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

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.