DA Davidson Trims CyberArk Software (NASDAQ:CYBR) Target Price to $275.00

CyberArk Software (NASDAQ:CYBR) had its price objective reduced by DA Davidson from $300.00 to $275.00 in a research report report published on Friday, Benzinga reports. DA Davidson currently has a buy rating on the technology company’s stock.

Other research analysts have also issued research reports about the stock. JMP Securities increased their price target on shares of CyberArk Software from $195.00 to $280.00 and gave the stock a market outperform rating in a research report on Wednesday, January 31st. Cantor Fitzgerald reaffirmed an overweight rating and issued a $300.00 price target on shares of CyberArk Software in a research note on Friday. Wells Fargo & Company increased their price target on CyberArk Software from $250.00 to $275.00 and gave the stock an overweight rating in a research report on Monday, January 29th. KeyCorp lifted their price objective on CyberArk Software from $274.00 to $305.00 and gave the company an overweight rating in a research report on Friday, February 9th. Finally, Wedbush restated an outperform rating and set a $285.00 target price on shares of CyberArk Software in a report on Friday. Two investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, CyberArk Software presently 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 opened at $227.32 on Friday. The firm has a market capitalization of $9.61 billion, a PE ratio of -355.19 and a beta of 1.06. CyberArk Software has a 1-year low of $125.15 and a 1-year high of $283.00. The business’s 50 day moving average is $254.41 and its 200-day moving average is $226.67.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $209.65 million. On average, sell-side analysts predict that CyberArk Software will post -1.46 EPS for the current year.

Institutional Trading of CyberArk Software

Institutional investors and hedge funds have recently bought and sold shares of the stock. Arcadia Investment Management Corp MI acquired a new position in shares of CyberArk Software during the 1st quarter worth approximately $34,000. Blue Bell Private Wealth Management LLC acquired a new position in CyberArk Software during the first quarter worth $34,000. FinTrust Capital Advisors LLC bought a new stake in CyberArk Software during the fourth quarter worth $34,000. Assetmark Inc. lifted its stake in CyberArk Software by 62.1% in the third quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after acquiring an additional 95 shares during the last quarter. Finally, Central Bank & Trust Co. bought a new position in shares of CyberArk Software in the 1st quarter valued at about $53,000. Institutional investors 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.