CyberArk Software (NASDAQ:CYBR) Rating Lowered to "Hold" at StockNews.com

CyberArk Software (NASDAQ:CYBR - Get Free Report) was downgraded by stock analysts at StockNews.com from a "buy" rating to a "hold" rating in a report issued on Friday.

Several other brokerages also recently commented on CYBR. Truist Financial upped their price objective on CyberArk Software from $385.00 to $450.00 and gave the company a "buy" rating in a research report on Friday, February 14th. UBS Group upped their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Scotiabank upped their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Barclays upped their target price on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Wells Fargo & Company upped their target price on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, CyberArk Software presently has a consensus rating of "Moderate Buy" and an average price target of $401.67.

CyberArk Software Stock Performance

CYBR stock traded down $17.68 during midday trading on Friday, reaching $383.29. 672,280 shares of the company traded hands, compared to its average volume of 607,966. The firm has a market capitalization of $16.70 billion, a price-to-earnings ratio of -196.56 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 business has a 50 day moving average of $355.03 and a 200-day moving average of $312.10.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its 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 negative net margin of 9.34% and a positive return on equity of 0.45%. Research analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

Several institutional investors and hedge funds have recently bought and sold shares of CYBR. Creative Planning grew its stake in CyberArk Software by 14.0% during the 3rd quarter. Creative Planning now owns 11,971 shares of the technology company's stock worth $3,491,000 after buying an additional 1,471 shares during the last quarter. Blue Trust Inc. grew its stake in shares of CyberArk Software by 49.4% during the third quarter. Blue Trust Inc. now owns 1,155 shares of the technology company's stock worth $316,000 after acquiring an additional 382 shares during the last quarter. Signaturefd LLC grew its stake in shares of CyberArk Software by 4.2% during the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company's stock worth $352,000 after acquiring an additional 49 shares during the last quarter. Greenleaf Trust grew its position in CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company's stock worth $533,000 after purchasing an additional 45 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in CyberArk Software during the 3rd quarter worth approximately $82,485,000. 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.