CyberArk Software’s (CYBR) “Buy” Rating Reaffirmed at DA Davidson

DA Davidson restated their buy rating on shares of CyberArk Software (NASDAQ:CYBR) in a research report report published on Tuesday morning,Benzinga reports. They currently have a $475.00 target price on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. Piper Sandler upped their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. KeyCorp upped their price target on CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Susquehanna increased their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Barclays boosted their price objective on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, StockNews.com downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software currently has an average rating of “Moderate Buy” and an average price target of $414.07.

CyberArk Software Stock Down 1.2 %

Shares of CYBR opened at $370.18 on Tuesday. The company has a market capitalization of $16.13 billion, a price-to-earnings ratio of -189.84 and a beta of 1.15. CyberArk Software has a 52 week low of $223.41 and a 52 week high of $421.00. The stock’s 50-day moving average price is $357.54 and its 200-day moving average price is $314.85.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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 analysts anticipate that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

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