CyberArk Software (NASDAQ:CYBR) Receives Buy Rating from Needham & Company LLC

Needham & Company LLC reissued their buy rating on shares of CyberArk Software (NASDAQ:CYBR - Free Report) in a research note published on Thursday,Benzinga reports. The brokerage currently has a $480.00 target price on the technology company's stock.

A number of other equities analysts have also recently weighed in on the company. Royal Bank of Canada increased their price target on CyberArk Software from $385.00 to $410.00 and gave the stock an "outperform" rating in a report on Tuesday, January 21st. Mizuho increased their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an "outperform" rating in a research note on Friday, December 13th. Guggenheim reissued a "buy" rating and issued a $455.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. KeyCorp increased their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a report on Wednesday, February 26th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $418.15.

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CyberArk Software Trading Down 0.2 %

CYBR stock traded down $0.76 during trading on Thursday, reaching $351.00. 643,112 shares of the stock were exchanged, compared to its average volume of 495,135. The firm has a market capitalization of $17.35 billion, a price-to-earnings ratio of -180.00 and a beta of 1.06. The business has a 50 day moving average price of $364.42 and a 200-day moving average price of $324.32. 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 released 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 negative net margin of 9.34% and a positive return on equity of 0.45%. On average, research analysts anticipate that CyberArk Software will post -0.47 EPS for the current year.

Institutional Trading of CyberArk Software

Institutional investors have recently bought and sold shares of the business. HighTower Advisors LLC raised its position in shares of CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock worth $4,212,000 after acquiring an additional 2,062 shares in the last quarter. Groupama Asset Managment raised its holdings in CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock worth $304,000 after purchasing an additional 5,402 shares in the last quarter. Public Employees Retirement System of Ohio purchased a new stake in shares of CyberArk Software during the 3rd quarter worth approximately $8,612,000. CHURCHILL MANAGEMENT Corp purchased a new stake in shares of CyberArk Software during the 4th quarter worth approximately $764,000. Finally, Swiss National Bank boosted its holdings in shares of CyberArk Software by 2.5% in the 3rd quarter. Swiss National Bank now owns 128,700 shares of the technology company's stock valued at $37,530,000 after buying an additional 3,100 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Company Profile

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.