CyberArk Software (NASDAQ:CYBR) Stock Rating Upgraded by Stephens

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

Several other research analysts have also issued reports on CYBR. Oppenheimer raised their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a report on Wednesday, February 5th. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Truist Financial cut their price target on shares of CyberArk Software from $450.00 to $425.00 and set a “buy” rating on the stock in a report on Monday. Morgan Stanley assumed coverage on shares of CyberArk Software in a research note on Tuesday, March 18th. They set an “equal weight” rating for the company. Finally, DA Davidson reissued a “buy” rating and set a $475.00 price objective on shares of CyberArk Software in a report on Tuesday, February 25th. Two analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average price target of $418.04.

CyberArk Software Stock Up 3.0 %

Shares of CYBR stock opened at $348.26 on Monday. The business has a fifty day simple moving average of $363.73 and a 200 day simple moving average of $327.66. The company has a market cap of $17.21 billion, a P/E ratio of -178.59 and a beta of 1.06. CyberArk Software has a twelve month low of $223.41 and a twelve month high of $421.00.

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 positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, equities research analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

Large investors have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software in the 4th quarter valued at approximately $25,000. TD Private Client Wealth LLC raised its holdings in CyberArk Software by 79.1% in the fourth 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 in the last quarter. Plato Investment Management Ltd purchased a new position in CyberArk Software during the fourth quarter valued at $39,000. Graney & King LLC bought a new stake in shares of CyberArk Software during the 4th quarter valued at $43,000. Finally, Montag A & Associates Inc. increased its stake in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after acquiring an additional 42 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

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.