CyberArk Software (NASDAQ:CYBR) Now Covered by Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of CyberArk Software (NASDAQ:CYBR) in a report published on Tuesday. The brokerage issued an equal weight rating on the technology company’s stock.

A number of other research analysts also recently issued reports on CYBR. Robert W. Baird upped their price target on CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Tuesday, February 25th. Royal Bank of Canada raised their price target on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. StockNews.com cut shares of CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a report on Monday, January 27th. Finally, Truist Financial upped their price target on CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $344.87 on Tuesday. The business’s 50 day moving average price is $363.88 and its 200-day moving average price is $322.32. The firm has a market cap of $17.05 billion, a P/E ratio of -176.86 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 posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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 predict that CyberArk Software will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of CYBR. Wealth Enhancement Advisory Services LLC grew its stake in CyberArk Software by 50.0% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 3,022 shares of the technology company’s stock worth $1,007,000 after acquiring an additional 1,007 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ purchased a new stake in CyberArk Software during the fourth quarter worth $3,107,000. Centaurus Financial Inc. boosted its position in CyberArk Software by 100.0% during the 4th quarter. Centaurus Financial Inc. now owns 950 shares of the technology company’s stock valued at $316,000 after acquiring an additional 475 shares in the last quarter. B. Riley Wealth Advisors Inc. increased its holdings in shares of CyberArk Software by 5.9% in the 4th quarter. B. Riley Wealth Advisors Inc. now owns 3,132 shares of the technology company’s stock valued at $1,043,000 after acquiring an additional 174 shares during the period. Finally, Mackenzie Financial Corp grew its stake in CyberArk Software by 4.2% in the fourth quarter. Mackenzie Financial Corp now owns 2,942 shares of the technology company’s stock valued at $980,000 after purchasing an additional 119 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other 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.