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

Equities researchers at Morgan Stanley initiated coverage on shares of CyberArk Software (NASDAQ:CYBR) in a research report issued to clients and investors on Tuesday. The firm set an “equal weight” rating on the technology company’s stock.

Other equities research analysts have also recently issued reports about the stock. Cantor Fitzgerald reissued an “overweight” rating and issued a $415.00 price objective on shares of CyberArk Software in a research note on Monday, January 27th. Rosenblatt Securities reaffirmed a “buy” rating and set a $445.00 price target on shares of CyberArk Software in a research note on Wednesday, February 26th. JPMorgan Chase & Co. raised their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. DA Davidson reaffirmed a “buy” rating and set a $475.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. Finally, Scotiabank raised their price target on shares of 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 analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and a consensus price target of $418.15.

CyberArk Software Stock Up 1.0 %

Shares of CYBR opened at $348.35 on Tuesday. The company has a 50-day simple moving average of $363.96 and a 200-day simple moving average of $322.50. The company has a market capitalization of $17.22 billion, a PE ratio of -178.64 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 announced 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%. On average, research analysts anticipate that CyberArk Software will post -0.47 EPS for the current year.

Institutional Trading of CyberArk Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. TD Private Client Wealth LLC increased its stake in shares of CyberArk Software by 79.1% in the fourth 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 during the last quarter. CenterBook Partners LP boosted its holdings in CyberArk Software by 2.4% in the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock worth $534,000 after purchasing an additional 38 shares during the period. Coldstream Capital Management Inc. boosted its holdings in CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after purchasing an additional 42 shares during the period. Montag A & Associates Inc. boosted its holdings in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares during the period. Finally, Continuum Advisory LLC boosted its holdings in CyberArk Software by 0.6% in the fourth quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company’s stock worth $2,622,000 after purchasing an additional 48 shares during the period. Institutional investors 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.