CyberArk Software (NASDAQ:CYBR) Cut to Hold at StockNews.com

StockNews.com cut shares of CyberArk Software (NASDAQ:CYBR) from a buy rating to a hold rating in a report issued on Friday morning.

Several other equities analysts have also recently weighed in on the stock. Piper Sandler increased their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. UBS Group increased their price objective on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Scotiabank increased their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Robert W. Baird increased their price objective on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Finally, Truist Financial increased their price objective on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $401.67.

CyberArk Software Stock Down 4.4 %

Shares of NASDAQ CYBR opened at $383.29 on Friday. The firm’s 50-day moving average price is $356.42 and its 200-day moving average price is $314.07. The company has a market cap of $16.70 billion, a PE ratio of -196.56 and a beta of 1.15. CyberArk Software has a 52-week low of $223.41 and a 52-week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (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, equities research analysts anticipate that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CYBR. Creative Planning grew its holdings in shares of CyberArk Software by 14.0% in the third quarter. Creative Planning now owns 11,971 shares of the technology company’s stock valued at $3,491,000 after purchasing an additional 1,471 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of CyberArk Software by 49.4% in the third quarter. Blue Trust Inc. now owns 1,155 shares of the technology company’s stock valued at $316,000 after purchasing an additional 382 shares in the last quarter. Signaturefd LLC grew its holdings in shares of CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after purchasing an additional 49 shares in the last quarter. Greenleaf Trust boosted its stake in CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after buying an additional 45 shares during the period. Finally, International Assets Investment Management LLC purchased a new position in CyberArk Software during the third quarter worth $82,485,000. 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.