CyberArk Software (NASDAQ:CYBR) Shares Gap Up – Still a Buy?

CyberArk Software Ltd. (NASDAQ:CYBR)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $380.86, but opened at $408.89. CyberArk Software shares last traded at $402.50, with a volume of 274,785 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their target price on CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research report on Tuesday. UBS Group lifted their target price on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Truist Financial boosted their price target on CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday. Scotiabank boosted their price target on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Finally, Barclays boosted their price target on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $401.67.

CyberArk Software Trading Down 0.2 %

The company has a 50 day moving average of $346.11 and a 200-day moving average of $306.73. The firm has a market capitalization of $18.01 billion, a P/E ratio of 1,530.83 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. As a group, sell-side analysts forecast that CyberArk Software Ltd. will post -0.58 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software during the 4th quarter valued at $25,000. TD Private Client Wealth LLC lifted its position in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after acquiring an additional 34 shares during the period. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software during the 4th quarter valued at $39,000. Graney & King LLC bought a new stake in shares of CyberArk Software during the 4th quarter valued at $43,000. Finally, Montag A & Associates Inc. lifted its position in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after acquiring an additional 42 shares during the period. 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.