Stephens Begins Coverage on CyberArk Software (NASDAQ:CYBR)

Investment analysts at Stephens began coverage on shares of CyberArk Software (NASDAQ:CYBR) in a report released on Tuesday. The brokerage set an “overweight” rating and a $440.00 price target on the technology company’s stock. Stephens’ target price indicates a potential upside of 29.29% from the company’s previous close.

A number of other brokerages have also issued reports on CYBR. DA Davidson reissued a “buy” rating and set a $475.00 target price on shares of CyberArk Software in a research note on Tuesday, February 25th. Citigroup upped their target price on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. StockNews.com downgraded CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Cantor Fitzgerald reissued an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a research report on Monday, January 27th. Finally, JPMorgan Chase & Co. upped their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a report on Tuesday, February 11th. Two research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $418.04.

CyberArk Software Trading Up 0.7 %

CYBR stock traded up $2.31 during mid-day trading on Tuesday, reaching $340.31. 86,632 shares of the stock traded hands, compared to its average volume of 503,414. The stock’s fifty day moving average is $363.88 and its 200-day moving average is $327.12. The company has a market cap of $16.82 billion, a P/E ratio of -173.63 and a beta of 1.06. CyberArk Software has a 52-week low of $223.41 and a 52-week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly 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 negative net margin of 9.34% and a positive return on equity of 0.45%. Equities research analysts expect that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Investors Weigh In On CyberArk Software

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

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.