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

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

CYBR has been the subject of a number of other research reports. Mizuho lifted their price target on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Citigroup lifted their target price on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Truist Financial lowered their price target on CyberArk Software from $450.00 to $425.00 and set a “buy” rating for the company in a research report on Monday. KeyCorp lifted their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $480.00 target price on shares of CyberArk Software in a report on Thursday, March 20th. Two investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $418.04.

CyberArk Software Stock Performance

CYBR stock opened at $348.26 on Monday. The stock’s 50 day simple moving average is $363.73 and its 200 day simple moving average is $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 fifty-two week low of $223.41 and a fifty-two week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results 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%. Equities analysts predict that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently modified their holdings of CYBR. HighTower Advisors LLC grew its holdings in shares of CyberArk Software by 16.6% during the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after purchasing an additional 2,062 shares in the last quarter. Groupama Asset Managment boosted its holdings in shares of CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of CyberArk Software during the 3rd quarter valued at about $8,612,000. CHURCHILL MANAGEMENT Corp purchased a new position in shares of CyberArk Software during the 4th quarter valued at about $764,000. Finally, China Universal Asset Management Co. Ltd. purchased a new stake in CyberArk Software in the fourth quarter worth approximately $1,166,000. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Company Profile

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.