CyberArk Software (NASDAQ:CYBR) Downgraded by StockNews.com to “Hold”

StockNews.com cut shares of CyberArk Software (NASDAQ:CYBR) from a buy rating to a hold rating in a report issued on Monday.

Several other research analysts also recently weighed in on CYBR. Citigroup upped their target price on CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research note on Friday, January 17th. JMP Securities reissued a “market outperform” rating and issued a $360.00 price target on shares of CyberArk Software in a report on Tuesday, January 14th. KeyCorp increased their price objective on shares of CyberArk Software from $355.00 to $400.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. Rosenblatt Securities lifted their target price on shares of CyberArk Software from $345.00 to $415.00 and gave the company a “buy” rating in a research report on Thursday, January 30th. Finally, Royal Bank of Canada upped their price target on shares of CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $373.96.

CyberArk Software Stock Performance

CYBR opened at $380.86 on Monday. The company has a fifty day moving average of $343.36 and a two-hundred day moving average of $305.45. The stock has a market capitalization of $16.59 billion, a price-to-earnings ratio of 1,410.64 and a beta of 1.15. CyberArk Software has a fifty-two week low of $223.09 and a fifty-two week high of $394.31.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.31) EPS. On average, equities research analysts forecast that CyberArk Software will post -0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. Jennison Associates LLC lifted 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 acquiring an additional 391,900 shares during the last quarter. Groupama Asset Managment lifted its stake in CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares in the last quarter. Pictet Asset Management Holding SA lifted its stake in CyberArk Software by 8.4% during the fourth quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company’s stock worth $292,651,000 after purchasing an additional 68,359 shares in the last quarter. Norges Bank purchased a new position in shares of CyberArk Software during the fourth quarter worth $203,375,000. Finally, Nepsis Inc. grew its stake in shares of CyberArk Software by 882.4% in the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after buying an additional 505,088 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

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.