DA Davidson Cuts CyberArk Software (NASDAQ:CYBR) Price Target to $415.00

CyberArk Software (NASDAQ:CYBR) had its price objective dropped by stock analysts at DA Davidson from $475.00 to $415.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. DA Davidson’s price objective points to a potential upside of 17.35% from the company’s current price.

CYBR has been the topic of a number of other research reports. Scotiabank boosted their target price on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Robert W. Baird boosted their price target on shares of CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. boosted their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. Morgan Stanley initiated coverage on CyberArk Software in a research report on Tuesday, March 18th. They issued an “equal weight” rating for the company. Finally, StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Two analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $414.64.

CyberArk Software Stock Up 1.2 %

CyberArk Software stock traded up $4.20 during midday trading on Monday, hitting $353.64. 106,948 shares of the stock were exchanged, compared to its average volume of 526,245. The stock has a market capitalization of $17.48 billion, a price-to-earnings ratio of -181.35 and a beta of 1.00. CyberArk Software has a 52-week low of $223.41 and a 52-week high of $421.00. The business’s 50-day moving average price is $356.48 and its 200-day moving average price is $330.98.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, sell-side analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in CyberArk Software during the 4th quarter worth $25,000. TD Private Client Wealth LLC increased 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 worth $26,000 after purchasing an additional 34 shares during the last quarter. Whipplewood Advisors LLC increased its position in shares of CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock valued at $27,000 after acquiring an additional 46 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in CyberArk Software in the fourth quarter valued at approximately $39,000. Finally, Graney & King LLC acquired 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.