CyberArk Software’s (CYBR) Buy Rating Reiterated at DA Davidson

DA Davidson reissued their buy rating on shares of CyberArk Software (NASDAQ:CYBR) in a report released on Tuesday,Benzinga reports. DA Davidson currently has a $475.00 price objective on the technology company’s stock.

Other equities analysts have also recently issued research reports about the stock. KeyCorp increased their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Canaccord Genuity Group raised their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Robert W. Baird lifted their target price on shares of CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Tuesday. Truist Financial increased 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, February 14th. Finally, Morgan Stanley raised their price target on CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a report 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 stock. Based on data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and a consensus price target of $416.67.

CyberArk Software Trading Down 3.3 %

Shares of CyberArk Software stock opened at $352.05 on Tuesday. CyberArk Software has a 1-year low of $223.41 and a 1-year high of $421.00. The firm has a fifty day simple moving average of $359.76 and a 200-day simple moving average of $315.87. The stock has a market capitalization of $15.34 billion, a price-to-earnings ratio of -180.54 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 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, research analysts predict that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On CyberArk Software

A number of hedge funds have recently modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CyberArk Software during the 4th quarter worth approximately $25,000. TD Private Client Wealth LLC raised its holdings in shares of CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after acquiring an additional 34 shares during the period. Assetmark Inc. lifted its position in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Plato Investment Management Ltd acquired a new position in CyberArk Software in the 4th quarter worth $39,000. Finally, Graney & King LLC bought a new position in CyberArk Software during the 4th quarter worth about $43,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

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.