Stephens Begins Coverage on CyberArk Software (NASDAQ:CYBR)

Equities research analysts at Stephens began coverage on shares of CyberArk Software (NASDAQ:CYBR - Get Free Report) in a research report issued on Tuesday, MarketBeat reports. The firm set an "overweight" rating and a $440.00 price target on the technology company's stock. Stephens' target price points to a potential upside of 43.58% from the company's previous close.

A number of other analysts also recently commented on the stock. Piper Sandler boosted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an "overweight" rating in a research report on Thursday, February 6th. Stifel Nicolaus boosted their target price on CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Truist Financial decreased their price target on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Scotiabank boosted their price objective on CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a research note on Tuesday, January 21st. Finally, JMP Securities raised their target price on CyberArk Software from $390.00 to $480.00 and gave the company a "market outperform" rating in a research note on Friday, February 14th. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $418.04.

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CyberArk Software Stock Performance

Shares of NASDAQ:CYBR traded down $21.50 during trading hours on Tuesday, hitting $306.46. The stock had a trading volume of 914,137 shares, compared to its average volume of 512,839. The stock's fifty day simple moving average is $361.79 and its 200 day simple moving average is $328.02. The firm has a market capitalization of $15.15 billion, a price-to-earnings ratio of -157.16 and a beta of 1.06. 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 posted its 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%. As a group, research analysts anticipate that CyberArk Software will post -0.47 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

A number of large investors have recently bought and sold shares of the business. Charles Schwab Investment Management Inc. increased its holdings in shares of CyberArk Software by 5.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company's stock valued at $8,632,000 after acquiring an additional 1,557 shares during the last quarter. MetLife Investment Management LLC boosted its position in CyberArk Software by 5.4% during the third quarter. MetLife Investment Management LLC now owns 3,900 shares of the technology company's stock worth $1,137,000 after purchasing an additional 200 shares during the period. Benjamin Edwards Inc. raised its position in shares of CyberArk Software by 147.1% in the third quarter. Benjamin Edwards Inc. now owns 3,299 shares of the technology company's stock valued at $962,000 after purchasing an additional 1,964 shares during the period. HighTower Advisors LLC raised its position 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 purchasing an additional 2,062 shares during the period. Finally, Investment Management Corp of Ontario lifted its stake in shares of CyberArk Software by 55.5% in the third quarter. Investment Management Corp of Ontario now owns 1,401 shares of the technology company's stock worth $409,000 after buying an additional 500 shares during the last quarter. 91.84% of the stock is currently owned by 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.