Morgan Stanley Begins Coverage on CyberArk Software (NASDAQ:CYBR)

Morgan Stanley assumed coverage on shares of CyberArk Software (NASDAQ:CYBR - Get Free Report) in a research report issued to clients and investors on Tuesday. The firm set an "equal weight" rating on the technology company's stock.

A number of other equities analysts also recently commented on the stock. Robert W. Baird raised their target price on shares of CyberArk Software from $455.00 to $465.00 and gave the company an "outperform" rating in a research note on Tuesday, February 25th. Rosenblatt Securities reissued a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a research note on Wednesday, February 26th. DA Davidson reaffirmed a "buy" rating and set a $475.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Oppenheimer raised their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the company an "overweight" rating in a report on Tuesday, February 11th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, CyberArk Software currently has an average rating of "Moderate Buy" and an average target price of $418.15.

CyberArk Software Stock Up 1.4 %

Shares of CYBR stock traded up $5.00 during mid-day trading on Tuesday, reaching $351.76. The company's stock had a trading volume of 440,241 shares, compared to its average volume of 493,708. The company's 50 day simple moving average is $364.16 and its 200-day simple moving average is $323.42. CyberArk Software has a 12-month low of $223.41 and a 12-month high of $421.00. The firm has a market capitalization of $17.39 billion, a PE ratio of -180.39 and a beta of 1.06.

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CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results 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 negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, research analysts anticipate that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CyberArk Software in the 4th quarter worth about $25,000. TD Private Client Wealth LLC lifted its position in CyberArk Software by 79.1% in the 4th 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 during the last quarter. Assetmark Inc. lifted its position in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company's stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Plato Investment Management Ltd bought a new stake in CyberArk Software in the 4th quarter valued at about $39,000. Finally, Graney & King LLC bought a new stake in CyberArk Software in the 4th quarter valued at about $43,000. 91.84% of the stock is currently owned by 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.