CyberArk Software (NASDAQ:CYBR) Shares Gap Down - Time to Sell?

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report)'s stock price gapped down before the market opened on Wednesday . The stock had previously closed at $348.26, but opened at $333.50. CyberArk Software shares last traded at $339.43, with a volume of 114,198 shares trading hands.

Analyst Upgrades and Downgrades

CYBR has been the topic of a number of recent research reports. Barclays increased their target price on CyberArk Software from $375.00 to $450.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Rosenblatt Securities reissued a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a research report on Wednesday, February 26th. Wells Fargo & Company lifted their target price 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. StockNews.com cut shares of CyberArk Software from a "buy" rating to a "hold" rating in a report on Friday, February 21st. Finally, Citigroup boosted their price objective on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. 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. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $418.04.

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CyberArk Software Trading Down 1.4 %

The business has a 50 day moving average of $361.79 and a 200-day moving average of $328.83. The stock has a market cap of $14.94 billion, a PE ratio of -154.69 and a beta of 1.00.

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%. Research analysts expect that CyberArk Software Ltd. will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Several institutional investors have recently added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. raised its stake in shares of CyberArk Software by 5.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company's stock worth $8,632,000 after purchasing an additional 1,557 shares during the last quarter. HighTower Advisors LLC boosted its holdings in shares of CyberArk Software by 16.6% in the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock valued at $4,212,000 after acquiring an additional 2,062 shares in the last quarter. Investment Management Corp of Ontario increased its stake in shares of CyberArk Software by 55.5% during the third quarter. Investment Management Corp of Ontario now owns 1,401 shares of the technology company's stock worth $409,000 after acquiring an additional 500 shares during the period. Quantinno Capital Management LP lifted its position in CyberArk Software by 4.9% in the third quarter. Quantinno Capital Management LP now owns 1,553 shares of the technology company's stock valued at $453,000 after purchasing an additional 73 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in CyberArk Software in the 3rd quarter valued at approximately $1,102,000. 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.