CyberArk Software (NASDAQ:CYBR) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of CyberArk Software (NASDAQ:CYBR) from a buy rating to a hold rating in a research report sent to investors on Monday.

A number of other equities analysts also recently issued reports on the stock. Cantor Fitzgerald reiterated an “overweight” rating and set a $415.00 price objective on shares of CyberArk Software in a research note on Monday, January 27th. Citigroup increased their target price on CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Scotiabank boosted their price target on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Canaccord Genuity Group upped their price objective on CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Finally, Needham & Company LLC lifted their target price on CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, January 9th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat.com, CyberArk Software has an average rating of “Moderate Buy” and a consensus price target of $373.96.

CyberArk Software Trading Down 0.2 %

CYBR opened at $380.86 on Monday. The company has a market capitalization of $16.59 billion, a price-to-earnings ratio of 1,410.64 and a beta of 1.15. CyberArk Software has a 12-month low of $223.09 and a 12-month high of $394.31. The business’s fifty day simple moving average is $343.36 and its 200-day simple moving average is $305.45.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same period in the prior year, the business earned ($0.31) EPS. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. On average, equities research analysts predict that CyberArk Software will post -0.58 EPS for the current year.

Institutional Trading of CyberArk Software

Several institutional investors and hedge funds have recently bought and sold shares of the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software during the fourth quarter worth $25,000. TD Private Client Wealth LLC grew its position in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after purchasing an additional 34 shares during the period. Assetmark Inc. raised its stake in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of CyberArk Software during the 4th quarter valued at about $39,000. Finally, Graney & King LLC acquired a new position in shares of CyberArk Software in the 4th quarter valued at about $43,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.