CyberArk Software (NASDAQ:CYBR - Free Report) had its price objective lowered by Truist Financial from $450.00 to $425.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the technology company's stock.
CYBR has been the subject of several other research reports. DA Davidson reaffirmed a "buy" rating and issued a $475.00 target price on shares of CyberArk Software in a research report on Tuesday, February 25th. Barclays boosted their target price on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. 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. Stifel Nicolaus upped their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company lifted their target price on CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $418.04.
Get Our Latest Analysis on CyberArk Software
CyberArk Software Trading Down 5.4 %
NASDAQ:CYBR traded down $17.58 on Monday, hitting $310.39. 379,474 shares of the stock were exchanged, compared to its average volume of 510,103. The stock has a market cap of $15.34 billion, a PE ratio of -158.95 and a beta of 1.06. CyberArk Software has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The stock has a fifty day moving average of $362.85 and a 200-day moving average of $327.79.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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, analysts predict that CyberArk Software will post -0.47 earnings per share for the current year.
Hedge Funds Weigh In On CyberArk Software
A number of hedge funds have recently modified their holdings of CYBR. Jennison Associates LLC boosted its holdings in CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after purchasing an additional 391,900 shares in the last quarter. Thoma Bravo L.P. acquired a new stake in CyberArk Software during the 4th quarter worth $380,637,000. Groupama Asset Managment raised its position in shares of CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock valued at $304,000 after acquiring an additional 5,402 shares during the period. First Trust Advisors LP increased its position in shares of CyberArk Software by 2.3% in the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock valued at $313,084,000 after buying an additional 20,832 shares in the last quarter. Finally, Pictet Asset Management Holding SA lifted its holdings in shares of CyberArk Software by 8.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock valued at $292,651,000 after purchasing an additional 68,359 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.
About CyberArk Software
(
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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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