CyberArk Software (NASDAQ:CYBR) Given New $415.00 Price Target at DA Davidson

CyberArk Software (NASDAQ:CYBR) had its price target decreased by DA Davidson from $475.00 to $415.00 in a report published on Monday,Benzinga reports. DA Davidson currently has a buy rating on the technology company’s stock.

Other equities research analysts also recently issued research reports about the stock. Rosenblatt Securities reissued a “buy” rating and set a $445.00 price objective on shares of CyberArk Software in a research report on Wednesday, February 26th. Canaccord Genuity Group boosted their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Stephens began coverage on CyberArk Software in a research note on Tuesday, April 1st. They set an “overweight” rating and a $440.00 target price for the company. Citigroup upped their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research note on Monday, March 3rd. Finally, Barclays increased their price objective on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $414.64.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $343.35 on Monday. CyberArk Software has a 1 year low of $223.41 and a 1 year high of $421.00. The firm has a market cap of $16.97 billion, a P/E ratio of -176.08 and a beta of 1.00. The stock has a fifty day moving average price of $355.74 and a two-hundred day moving average price of $331.41.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly 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 negative net margin of 9.34% and a positive return on equity of 0.45%. On average, research analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Institutional investors have recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software during the fourth quarter valued at approximately $25,000. TD Private Client Wealth LLC lifted its stake in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares during the period. Whipplewood Advisors LLC boosted its holdings in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock worth $27,000 after buying an additional 46 shares in the last quarter. Plato Investment Management Ltd purchased a new position in CyberArk Software in the fourth quarter valued at $39,000. Finally, Graney & King LLC purchased a new position in CyberArk Software in the fourth quarter valued at $43,000. Hedge funds and other 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.