CyberArk Software (NASDAQ:CYBR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

CyberArk Software (NASDAQ:CYBR) had its target price raised by Morgan Stanley from $316.00 to $390.00 in a report released on Friday,Benzinga reports. The firm presently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price objective would suggest a potential downside of 5.64% from the stock’s current price.

CYBR has been the subject of a number of other research reports. Stifel Nicolaus lifted their target price on shares of CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. JMP Securities reissued a “market outperform” rating and set a $360.00 target price on shares of CyberArk Software in a research note on Tuesday, January 14th. Susquehanna lifted their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Wells Fargo & Company raised their price target on shares of CyberArk Software from $410.00 to $425.00 and gave the company an “overweight” rating in a report on Monday, January 27th. Finally, Royal Bank of Canada raised their price target on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Two 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, the stock presently has an average rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Stock Performance

CyberArk Software stock opened at $413.31 on Friday. The company has a 50 day moving average price of $347.91 and a 200 day moving average price of $308.16. CyberArk Software has a 52 week low of $223.09 and a 52 week high of $419.49. The firm has a market capitalization of $18.01 billion, a price-to-earnings ratio of 1,530.83 and a beta of 1.15.

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 net margin of 1.38% and a return on equity of 2.29%. Equities analysts forecast that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CyberArk Software during the 4th quarter worth about $25,000. TD Private Client Wealth LLC increased its holdings 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 period. Assetmark Inc. increased its holdings in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the period. Plato Investment Management Ltd bought a new position in shares of CyberArk Software during the 4th quarter worth about $39,000. Finally, Graney & King LLC acquired a new stake in shares of CyberArk Software during the 4th quarter valued at about $43,000. Institutional investors own 91.84% of the company’s stock.

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.