CyberArk Software (NASDAQ:CYBR) Stock Rating Lowered by StockNews.com

CyberArk Software (NASDAQ:CYBR) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

CYBR has been the topic of several other reports. Piper Sandler upped their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Susquehanna upped their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Stifel Nicolaus upped their price objective on shares of CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Needham & Company LLC upped their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. Finally, Canaccord Genuity Group upped their price objective on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and a consensus price target of $373.96.

CyberArk Software Price Performance

NASDAQ:CYBR opened at $381.81 on Monday. The firm has a market capitalization of $16.64 billion, a price-to-earnings ratio of 1,414.16 and a beta of 1.15. The company’s 50-day moving average is $342.18 and its two-hundred day moving average is $304.57. CyberArk Software has a 1-year low of $223.09 and a 1-year high of $394.31.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. CyberArk Software’s revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.31) EPS. As a group, equities analysts anticipate that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

Several hedge funds have recently made changes to their positions in CYBR. Creative Planning lifted its stake in shares of CyberArk Software by 14.0% in the 3rd quarter. Creative Planning now owns 11,971 shares of the technology company’s stock worth $3,491,000 after acquiring an additional 1,471 shares during the period. Swedbank AB lifted its stake in shares of CyberArk Software by 11.1% in the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after acquiring an additional 45,799 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of CyberArk Software by 26.0% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 4,123 shares of the technology company’s stock worth $1,202,000 after acquiring an additional 852 shares during the period. Blue Trust Inc. lifted its stake in shares of CyberArk Software by 49.4% in the 3rd quarter. Blue Trust Inc. now owns 1,155 shares of the technology company’s stock worth $316,000 after acquiring an additional 382 shares during the period. Finally, Nepsis Inc. lifted its stake in shares of CyberArk Software by 2.9% in the 3rd quarter. Nepsis Inc. now owns 57,239 shares of the technology company’s stock worth $16,691,000 after acquiring an additional 1,595 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

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.