CyberArk Software (NASDAQ:CYBR) Downgraded by StockNews.com to “Hold”

StockNews.com lowered shares of CyberArk Software (NASDAQ:CYBR) from a buy rating to a hold rating in a research report released on Friday.

Several other research analysts also recently commented on the company. Piper Sandler lifted their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Needham & Company LLC boosted their price objective on CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a research note on Thursday, January 9th. Oppenheimer boosted their price objective on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Stifel Nicolaus boosted their price objective on CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Finally, Robert W. Baird boosted their price objective on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $401.67.

CyberArk Software Stock Down 4.4 %

NASDAQ CYBR opened at $383.29 on Friday. The company has a market cap of $16.70 billion, a price-to-earnings ratio of -196.56 and a beta of 1.15. CyberArk Software has a twelve month low of $223.41 and a twelve month high of $421.00. The business’s fifty day moving average is $355.03 and its 200 day moving average is $312.10.

CyberArk Software (NASDAQ:CYBR) last announced 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, research analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp increased its holdings in CyberArk Software by 4.2% during the 4th quarter. Mackenzie Financial Corp now owns 2,942 shares of the technology company’s stock worth $980,000 after purchasing an additional 119 shares in the last quarter. Continuum Advisory LLC boosted its stake in shares of CyberArk Software by 0.6% in the 4th quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company’s stock worth $2,622,000 after buying an additional 48 shares during the last quarter. USS Investment Management Ltd boosted its stake in shares of CyberArk Software by 9.2% in the 4th quarter. USS Investment Management Ltd now owns 8,350 shares of the technology company’s stock worth $2,784,000 after buying an additional 705 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of CyberArk Software by 31.9% in the 4th quarter. Vident Advisory LLC now owns 54,266 shares of the technology company’s stock worth $18,079,000 after buying an additional 13,134 shares during the last quarter. Finally, Spyglass Capital Management LLC purchased a new position in shares of CyberArk Software in the 4th quarter worth approximately $38,719,000. 91.84% of the stock is 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.