CyberArk Software Target of Unusually Large Options Trading (NASDAQ:CYBR)

CyberArk Software Ltd. (NASDAQ:CYBR) was the recipient of some unusual options trading on Tuesday. Traders purchased 2,553 call options on the company. This is an increase of approximately 187% compared to the average daily volume of 891 call options.

Institutional Investors Weigh In On CyberArk Software

A number of institutional investors have recently made changes to their positions in the company. Thoma Bravo L.P. acquired a new position in CyberArk Software in the fourth quarter worth $380,637,000. Norges Bank bought a new position in shares of CyberArk Software in the 4th quarter worth about $203,375,000. Nepsis Inc. lifted its position in shares of CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after buying an additional 505,088 shares during the last quarter. Jennison Associates LLC boosted its holdings in shares of CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after buying an additional 391,900 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its position in shares of CyberArk Software by 195.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock valued at $170,614,000 after buying an additional 336,462 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on CYBR shares. Citigroup raised their price objective on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Barclays lifted their price target on shares of CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Morgan Stanley assumed coverage on shares of CyberArk Software in a research report on Tuesday, March 18th. They issued an “equal weight” rating for the company. Mizuho lifted their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Finally, JMP Securities upped their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Price Performance

Shares of CYBR stock opened at $348.42 on Thursday. The firm has a fifty day moving average of $364.78 and a two-hundred day moving average of $325.14. The firm has a market cap of $17.22 billion, a P/E ratio of -178.68 and a beta of 1.06. CyberArk Software has a 1-year low of $223.41 and a 1-year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, sell-side analysts expect that CyberArk Software will post -0.47 EPS for the current year.

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.