Barclays Lowers CyberArk Software (NASDAQ:CYBR) Price Target to $405.00

CyberArk Software (NASDAQ:CYBR) had its price objective dropped by Barclays from $450.00 to $405.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. Barclays‘s price objective would indicate a potential upside of 21.14% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the stock. Wells Fargo & Company upped their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. JMP Securities increased their price target on shares of CyberArk Software from $390.00 to $480.00 and gave the company a “market outperform” rating in a report on Friday, February 14th. Stifel Nicolaus boosted their price objective on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Needham & Company LLC reiterated a “buy” rating and set a $480.00 target price on shares of CyberArk Software in a research note on Thursday, March 20th. Finally, Scotiabank boosted their price target on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Two research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from 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 $334.33 on Monday. The company has a 50 day simple moving average of $354.77 and a two-hundred day simple moving average of $331.43. CyberArk Software has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The company has a market capitalization of $16.52 billion, a price-to-earnings ratio of -171.45 and a beta of 1.00.

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 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, analysts forecast that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Several large investors have recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software during the 4th quarter valued at $25,000. TD Private Client Wealth LLC increased its stake in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares in the last quarter. Whipplewood Advisors LLC increased its stake in CyberArk Software by 135.3% in the 1st 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 bought a new stake in CyberArk Software during the fourth quarter valued at about $39,000. Finally, Graney & King LLC purchased a new position in shares of CyberArk Software in the fourth quarter valued at about $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.