CyberArk Software’s (CYBR) “Outperform” Rating Reaffirmed at Wedbush

Wedbush reissued their outperform rating on shares of CyberArk Software (NASDAQ:CYBR) in a report published on Friday, Benzinga reports. Wedbush currently has a $285.00 target price on the technology company’s stock.

A number of other research analysts also recently commented on CYBR. Truist Financial increased their price target on shares of CyberArk Software from $250.00 to $300.00 and gave the company a buy rating in a report on Friday, February 9th. Bank of America reissued a buy rating and issued a $315.00 price objective on shares of CyberArk Software in a research report on Wednesday, April 24th. Morgan Stanley lowered shares of CyberArk Software from an overweight rating to an equal weight rating and increased their price objective for the stock from $195.00 to $240.00 in a research report on Tuesday, January 9th. Mizuho increased their price objective on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a buy rating in a research report on Friday, February 9th. Finally, Rosenblatt Securities reissued a buy rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Wednesday. Two research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and an average price target of $265.63.

CyberArk Software Trading Down 2.7 %

Shares of NASDAQ:CYBR traded down $6.22 during trading on Friday, reaching $227.32. The company’s stock had a trading volume of 768,897 shares, compared to its average volume of 461,485. CyberArk Software has a 12 month low of $125.15 and a 12 month high of $283.00. The firm’s 50 day simple moving average is $254.41 and its two-hundred day simple moving average is $225.88. The stock has a market capitalization of $9.61 billion, a PE ratio of -355.19 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.59%. The firm had revenue of $223.10 million during the quarter, compared to the consensus estimate of $209.65 million. Research analysts anticipate that CyberArk Software will post -1.46 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors have recently bought and sold shares of CYBR. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in CyberArk Software by 6.4% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 12,810 shares of the technology company’s stock valued at $2,098,000 after acquiring an additional 769 shares in the last quarter. Raymond James & Associates lifted its stake in shares of CyberArk Software by 37.9% during the third quarter. Raymond James & Associates now owns 52,506 shares of the technology company’s stock worth $8,599,000 after buying an additional 14,418 shares during the period. JB Capital LLC acquired a new stake in shares of CyberArk Software during the third quarter worth $887,000. Solstein Capital LLC lifted its stake in shares of CyberArk Software by 6.2% during the third quarter. Solstein Capital LLC now owns 24,106 shares of the technology company’s stock worth $3,948,000 after buying an additional 1,400 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of CyberArk Software by 4.8% during the third quarter. Mackenzie Financial Corp now owns 2,862 shares of the technology company’s stock worth $449,000 after buying an additional 131 shares during the period. 91.84% of the stock is currently 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.