CyberArk Software (NASDAQ:CYBR) Price Target Lowered to $405.00 at Barclays

CyberArk Software (NASDAQ:CYBR) had its target price cut by Barclays from $450.00 to $405.00 in a research note published on Monday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

A number of other research analysts also recently issued reports on the company. Rosenblatt Securities reissued a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a report on Wednesday, February 26th. Citigroup lifted their price objective on shares of CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a report on Monday, March 3rd. Stephens began coverage on CyberArk Software in a research note on Tuesday, April 1st. They issued an “overweight” rating and a $440.00 price target for the company. Needham & Company LLC reissued a “buy” rating and issued a $480.00 price objective on shares of CyberArk Software in a report on Thursday, March 20th. Finally, Wells Fargo & Company upped 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. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and an average price target of $414.29.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $331.30 on Monday. The firm has a market capitalization of $16.38 billion, a P/E ratio of -169.90 and a beta of 1.00. The business’s 50-day moving average is $353.71 and its 200 day moving average is $331.43. CyberArk Software has a 1 year low of $223.41 and a 1 year high of $421.00.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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, analysts expect that CyberArk Software will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CyberArk Software in the fourth quarter valued at $25,000. TD Private Client Wealth LLC grew its stake in 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 buying an additional 34 shares during the last quarter. Whipplewood Advisors LLC lifted its stake in CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock valued at $27,000 after buying an additional 46 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $39,000. Finally, Graney & King LLC purchased a new position in shares of CyberArk Software during the fourth quarter worth approximately $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.