Shares of CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) hit a new 52-week high during trading on Tuesday . The stock traded as high as $419.49 and last traded at $415.23, with a volume of 1005808 shares trading hands. The stock had previously closed at $414.31.
Analyst Ratings Changes
Several research analysts have issued reports on CYBR shares. Morgan Stanley increased their price objective on CyberArk Software from $316.00 to $390.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Piper Sandler lifted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a report on Thursday, February 6th. DA Davidson upped their price objective on shares of CyberArk Software from $360.00 to $390.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. Wells Fargo & Company raised their price objective on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Finally, Scotiabank boosted their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $401.67.
Read Our Latest Stock Report on CyberArk Software
CyberArk Software Trading Down 4.4 %
The business's fifty day simple moving average is $355.03 and its 200 day simple moving average is $312.10. The stock has a market cap of $16.70 billion, a price-to-earnings ratio of -196.56 and a beta of 1.15.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates 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 Ltd. will post -0.47 earnings per share for the current year.
Institutional Trading of CyberArk Software
A number of hedge funds have recently modified their holdings of CYBR. TD Private Client Wealth LLC increased its stake in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after purchasing an additional 34 shares in the last quarter. CenterBook Partners LP grew its holdings in shares of CyberArk Software by 2.4% in the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock valued at $534,000 after buying an additional 38 shares during the period. Coldstream Capital Management Inc. increased its position in shares of CyberArk Software by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock valued at $359,000 after buying an additional 42 shares in the last quarter. Montag A & Associates Inc. raised its stake in 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 buying an additional 42 shares during the period. Finally, Greenleaf Trust lifted its holdings in CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company's stock worth $533,000 after acquiring an additional 45 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.
About CyberArk Software
(
Get Free Report)
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.
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