Guggenheim Reiterates “Buy” Rating for CyberArk Software (NASDAQ:CYBR)

CyberArk Software (NASDAQ:CYBR)‘s stock had its “buy” rating reiterated by investment analysts at Guggenheim in a report released on Tuesday,Benzinga reports. They currently have a $455.00 price objective on the technology company’s stock. Guggenheim’s price target points to a potential upside of 26.16% from the stock’s previous close.

Other equities analysts also recently issued research reports about the company. KeyCorp upped their price target on CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Canaccord Genuity Group lifted their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research note on Friday, February 14th. Oppenheimer increased their price objective on shares of CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Mizuho upped their target price on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Susquehanna raised their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and a consensus price target of $410.93.

CyberArk Software Stock Down 3.8 %

CyberArk Software stock traded down $14.07 during mid-day trading on Tuesday, hitting $360.66. 111,710 shares of the company’s stock were exchanged, compared to its average volume of 571,371. CyberArk Software has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The company’s 50 day simple moving average is $357.54 and its 200-day simple moving average is $314.85. The firm has a market capitalization of $15.72 billion, a P/E ratio of -185.40 and a beta of 1.15.

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

Institutional Investors Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software during the fourth quarter worth about $25,000. TD Private Client Wealth LLC grew 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 in the last quarter. Assetmark Inc. increased its holdings in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the period. 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 acquired a new stake in shares of CyberArk Software in the fourth quarter valued at 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.