CyberArk Software (NASDAQ:CYBR) Earns Equal Weight Rating from Analysts at Morgan Stanley

Investment analysts at Morgan Stanley began coverage on shares of CyberArk Software (NASDAQ:CYBR) in a research report issued on Tuesday. The firm set an “equal weight” rating on the technology company’s stock.

A number of other equities research analysts have also weighed in on CYBR. Citigroup boosted their target price on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Wells Fargo & Company increased their target price on CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Rosenblatt Securities restated a “buy” rating and issued a $445.00 price objective on shares of CyberArk Software in a report on Wednesday, February 26th. Oppenheimer boosted their target price on shares of CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Royal Bank of Canada raised their target price on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Stock Performance

NASDAQ CYBR traded down $1.99 on Tuesday, hitting $344.46. 35,310 shares of the stock traded hands, compared to its average volume of 492,059. The business’s fifty day moving average is $363.86 and its two-hundred day moving average is $321.91. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00. The firm has a market capitalization of $17.03 billion, a price-to-earnings ratio of -176.64 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data 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%. Analysts expect that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CYBR. Thoma Bravo L.P. purchased a new stake in shares of CyberArk Software in the fourth quarter worth about $380,637,000. Norges Bank purchased a new stake in CyberArk Software in the 4th quarter worth approximately $203,375,000. Nepsis Inc. grew its stake in shares of CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after purchasing an additional 505,088 shares during the period. Jennison Associates LLC increased its holdings in shares of CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after purchasing an additional 391,900 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of CyberArk Software by 195.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock valued at $170,614,000 after purchasing an additional 336,462 shares during the period. 91.84% of the stock is owned by institutional investors and hedge funds.

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.