Barclays Has Lowered Expectations for CyberArk Software (NASDAQ:CYBR) Stock Price

CyberArk Software (NASDAQ:CYBR - Get Free Report) had its price objective lowered by investment analysts at Barclays from $450.00 to $405.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. Barclays's price target would suggest a potential upside of 24.29% from the company's previous close.

A number of other analysts have also commented on the stock. Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. Canaccord Genuity Group increased their price objective on CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a report on Friday, February 14th. JPMorgan Chase & Co. boosted their target price on CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a report on Tuesday, February 11th. Stifel Nicolaus raised their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Finally, Scotiabank lifted their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, CyberArk Software has an average rating of "Moderate Buy" and an average target price of $412.14.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded down $5.46 during trading hours on Monday, hitting $325.84. The stock had a trading volume of 646,229 shares, compared to its average volume of 534,385. The stock's fifty day simple moving average is $351.30 and its 200 day simple moving average is $331.98. The firm has a market capitalization of $16.11 billion, a price-to-earnings ratio of -167.10 and a beta of 1.00. CyberArk Software has a 1-year low of $223.41 and a 1-year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly 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, research analysts anticipate that CyberArk Software will post -0.47 EPS for the current year.

Institutional Trading of CyberArk Software

Hedge funds have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC raised its position in shares of CyberArk Software by 79.1% during the fourth 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. CenterBook Partners LP grew its holdings in CyberArk Software by 2.4% during the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock worth $534,000 after purchasing an additional 38 shares during the period. Coldstream Capital Management Inc. boosted its holdings in shares of CyberArk Software by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock worth $359,000 after buying an additional 42 shares during the period. Montag A & Associates Inc. grew its position in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after purchasing an additional 42 shares in the last quarter. Finally, Whipplewood Advisors LLC increased its holdings in shares of CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares during the period. Institutional investors and hedge funds 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.