CyberArk Software (NASDAQ:CYBR) Upgraded at Stephens

Stephens upgraded shares of CyberArk Software (NASDAQ:CYBR) to a strong-buy rating in a research note published on Monday,Zacks.com reports.

CYBR has been the subject of a number of other research reports. Citigroup lifted their target price on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. JMP Securities raised their target price on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a report on Friday, February 14th. Needham & Company LLC reissued a “buy” rating and set a $480.00 price target on shares of CyberArk Software in a research report on Thursday, March 20th. StockNews.com cut CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Finally, Truist Financial decreased their price target on CyberArk Software from $450.00 to $425.00 and set a “buy” rating on the stock in a research report on Monday. 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. According to MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus price target of $418.04.

CyberArk Software Price Performance

Shares of CYBR stock opened at $345.69 on Monday. CyberArk Software has a one year low of $223.41 and a one year high of $421.00. The stock has a market cap of $17.09 billion, a P/E ratio of -177.28 and a beta of 1.06. The company has a fifty day moving average price of $363.47 and a two-hundred day moving average price of $327.79.

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

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in CyberArk Software by 5.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company’s stock valued at $8,632,000 after buying an additional 1,557 shares during the period. MetLife Investment Management LLC boosted its position in shares of CyberArk Software by 5.4% during the third quarter. MetLife Investment Management LLC now owns 3,900 shares of the technology company’s stock valued at $1,137,000 after buying an additional 200 shares during the last quarter. Benjamin Edwards Inc. grew its stake in shares of CyberArk Software by 147.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 3,299 shares of the technology company’s stock worth $962,000 after acquiring an additional 1,964 shares in the last quarter. HighTower Advisors LLC boosted its holdings in 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 during the last quarter. Finally, Investment Management Corp of Ontario grew its holdings in shares of CyberArk Software by 55.5% in the third quarter. Investment Management Corp of Ontario now owns 1,401 shares of the technology company’s stock valued at $409,000 after acquiring an additional 500 shares in the last quarter. 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.