Truist Financial Lowers CyberArk Software (NASDAQ:CYBR) Price Target to $425.00

CyberArk Software (NASDAQ:CYBR) had its target price decreased by research analysts at Truist Financial from $450.00 to $425.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Truist Financial’s price target indicates a potential upside of 22.04% from the company’s current price.

A number of other research analysts have also recently issued reports on CYBR. Rosenblatt Securities reissued a “buy” rating and issued a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday, February 26th. DA Davidson reiterated a “buy” rating and issued a $475.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. Canaccord Genuity Group upped their price objective on CyberArk Software from $330.00 to $440.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Barclays lifted their target price on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Finally, Mizuho increased their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Two investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $418.04.

CyberArk Software Stock Performance

CYBR opened at $348.26 on Monday. CyberArk Software has a 52-week low of $223.41 and a 52-week high of $421.00. The firm has a market cap of $17.21 billion, a P/E ratio of -178.59 and a beta of 1.06. The business’s fifty day moving average is $363.73 and its 200-day moving average is $327.66.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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%. On average, research analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CYBR. Charles Schwab Investment Management Inc. boosted its stake in shares of CyberArk Software by 5.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 29,600 shares of the technology company’s stock valued at $8,632,000 after purchasing an additional 1,557 shares during the last quarter. MetLife Investment Management LLC boosted its position in CyberArk Software by 5.4% during the third quarter. MetLife Investment Management LLC now owns 3,900 shares of the technology company’s stock valued at $1,137,000 after acquiring an additional 200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in CyberArk Software by 3.9% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,725 shares of the technology company’s stock worth $9,543,000 after acquiring an additional 1,232 shares during the period. Financial Counselors Inc. acquired a new stake in CyberArk Software during the 3rd quarter worth about $218,000. Finally, Benjamin Edwards Inc. raised its position in shares of CyberArk Software by 147.1% in the 3rd quarter. Benjamin Edwards Inc. now owns 3,299 shares of the technology company’s stock worth $962,000 after acquiring an additional 1,964 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Company Profile

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.