CyberArk Software (NASDAQ:CYBR) Shares Gap Down to $237.16

CyberArk Software Ltd. (NASDAQ:CYBR) shares gapped down prior to trading on Thursday . The stock had previously closed at $237.16, but opened at $226.87. CyberArk Software shares last traded at $232.96, with a volume of 156,781 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CYBR. BTIG Research started coverage on shares of CyberArk Software in a research report on Thursday, March 28th. They issued a “buy” rating and a $317.00 price objective for the company. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a research note on Wednesday, April 17th. JMP Securities lifted their price target on shares of CyberArk Software from $195.00 to $280.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 31st. Needham & Company LLC upped their price objective on shares of CyberArk Software from $245.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, February 9th. Finally, Truist Financial lifted their target price on shares of CyberArk Software from $250.00 to $300.00 and gave the company a “buy” rating in a research report on Friday, February 9th. Two analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $258.96.

CyberArk Software Stock Down 2.6 %

The business’s 50 day moving average price is $255.34 and its 200-day moving average price is $225.39.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. The company had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. As a group, sell-side analysts anticipate that CyberArk Software Ltd. will post -1.46 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

A number of large investors have recently made changes to their positions in CYBR. Nordea Investment Management AB grew its holdings in CyberArk Software by 8.0% during the 1st quarter. Nordea Investment Management AB now owns 3,069 shares of the technology company’s stock worth $822,000 after acquiring an additional 228 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of CyberArk Software by 18.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,202 shares of the technology company’s stock worth $2,444,000 after purchasing an additional 1,436 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of CyberArk Software by 31.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 223,722 shares of the technology company’s stock worth $59,427,000 after purchasing an additional 53,593 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in CyberArk Software in the first quarter valued at $537,000. Finally, Private Advisor Group LLC raised its stake in CyberArk Software by 3.0% in the first quarter. Private Advisor Group LLC now owns 4,805 shares of the technology company’s stock valued at $1,272,000 after buying an additional 141 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

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.