CyberArk Software (NASDAQ:CYBR) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of CyberArk Software (NASDAQ:CYBR) from a buy rating to a hold rating in a research report released on Monday morning.

CYBR has been the subject of a number of other research reports. Royal Bank of Canada increased their price target on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 21st. Wells Fargo & Company increased their price target on shares of CyberArk Software from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Needham & Company LLC raised their target price on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a research note on Thursday, January 9th. Barclays raised their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Finally, Oppenheimer raised their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $371.89.

CyberArk Software Trading Up 1.5 %

Shares of NASDAQ:CYBR opened at $389.97 on Monday. CyberArk Software has a 52 week low of $223.09 and a 52 week high of $394.31. The company’s 50 day moving average is $340.76 and its two-hundred day moving average is $303.64. The company has a market cap of $16.99 billion, a PE ratio of 1,444.39 and a beta of 1.15.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $25,000. Assetmark Inc. raised its stake in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the period. Plato Investment Management Ltd purchased a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $39,000. Montag A & Associates Inc. raised its stake in shares of CyberArk Software by 47.2% during 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. Finally, Brown Lisle Cummings Inc. purchased a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $50,000. 91.84% of the stock is owned by institutional investors and hedge funds.

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.