CyberArk Software (NASDAQ:CYBR) Receives Equal Weight Rating from Morgan Stanley

Morgan Stanley restated their equal weight rating on shares of CyberArk Software (NASDAQ:CYBR) in a report published on Tuesday morning,Benzinga reports. Morgan Stanley currently has a $316.00 price objective on the technology company’s stock.

Several other equities analysts also recently weighed in on CYBR. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $335.00 target price on shares of CyberArk Software in a research report on Thursday, November 14th. Truist Financial reissued a “buy” rating and issued a $350.00 price objective (up previously from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. UBS Group upped their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research note on Thursday, November 14th. Mizuho raised their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Finally, Scotiabank assumed coverage on shares of CyberArk Software in a research note on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 price target for the company. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $339.22.

CyberArk Software Stock Performance

CYBR opened at $333.15 on Tuesday. The stock has a market capitalization of $14.52 billion, a PE ratio of 1,233.93 and a beta of 1.13. CyberArk Software has a one year low of $205.59 and a one year high of $336.84. The business’s 50 day moving average price is $309.21 and its 200 day moving average price is $285.70.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million for 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%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.31) EPS. As a group, equities research analysts forecast that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

Institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. increased its position in 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 buying an additional 123 shares during the period. Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software during the third quarter worth approximately $51,000. Arcadia Investment Management Corp MI increased its holdings in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in CyberArk Software in the 3rd quarter valued at $87,000. Finally, Centaurus Financial Inc. acquired a new stake in CyberArk Software during the 2nd quarter worth $109,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

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.