CyberArk Software (NASDAQ:CYBR) Earns Equal Weight Rating from Analysts at Morgan Stanley

Morgan Stanley began coverage on shares of CyberArk Software (NASDAQ:CYBR) in a report issued on Tuesday morning. The firm issued an equal weight rating on the technology company’s stock.

A number of other research firms have also recently weighed in on CYBR. Barclays lifted their price objective on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Scotiabank lifted their price objective on CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. KeyCorp lifted their price objective on CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $415.00 price objective on shares of CyberArk Software in a research report on Monday, January 27th. Finally, Citigroup lifted their price objective on CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $418.15.

CyberArk Software Stock Down 0.5 %

CyberArk Software stock opened at $346.76 on Tuesday. The business has a 50-day simple moving average of $364.00 and a two-hundred day simple moving average of $322.67. The company has a market cap of $17.14 billion, a P/E ratio of -177.83 and a beta of 1.06. CyberArk Software has a 52-week low of $223.41 and a 52-week high of $421.00.

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

Institutional Investors Weigh In On CyberArk Software

Several hedge funds have recently made changes to their positions in CYBR. Thoma Bravo L.P. purchased a new stake in shares of CyberArk Software in the 4th quarter worth $380,637,000. Norges Bank purchased a new stake in shares of CyberArk Software during the 4th quarter worth $203,375,000. Nepsis Inc. lifted its stake in shares of CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after purchasing an additional 505,088 shares during the last quarter. Jennison Associates LLC lifted its stake in shares of CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after purchasing an additional 391,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of CyberArk Software by 195.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock worth $170,614,000 after purchasing an additional 336,462 shares during the last quarter. 91.84% of the stock is currently 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.