CyberArk Software (NASDAQ:CYBR) Lowered to Hold Rating by KeyCorp

Key Points

• CyberArk Software has been downgraded by KeyCorp from a "strong-buy" rating to a "hold" rating, impacting investor sentiment on the stock.
• Other analysts have varying views; Needham & Company raised their price target for CyberArk from $460 to $551 while BTIG also downgraded the stock to "hold."
• The stock's consensus rating is "Moderate Buy," with a current price target averaging around $433.39.

CyberArk Software (NASDAQ:CYBR - Get Free Report) was downgraded by stock analysts at KeyCorp from a "strong-buy" rating to a "hold" rating in a report issued on Thursday, July 31st, Marketbeat Ratings reports.

Several other brokerages also recently issued reports on CYBR. Morgan Stanley reiterated an "equal weight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Guggenheim cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price target for the company. in a research note on Thursday, July 31st. Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 price target on shares of CyberArk Software in a report on Tuesday, May 13th. Barclays lifted their price objective on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a report on Monday, July 14th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $448.00 target price (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Eighteen research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $435.11.

CyberArk Software Price Performance

Shares of CYBR opened at $413.46 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The firm's 50-day simple moving average is $393.63 and its two-hundred day simple moving average is $369.20. CyberArk Software has a fifty-two week low of $242.46 and a fifty-two week high of $452.00. The stock has a market cap of $20.44 billion, a PE ratio of -122.69 and a beta of 0.96.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Wednesday, July 30th. The technology company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.79 by $0.09. CyberArk Software had a positive return on equity of 0.44% and a negative net margin of 13.78%. The business had revenue of $328.03 million for the quarter, compared to the consensus estimate of $315.43 million. During the same period in the previous year, the company posted $0.54 earnings per share. The company's revenue for the quarter was up 46.0% compared to the same quarter last year. Analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

A number of institutional investors and hedge funds have recently bought and sold shares of CYBR. Golden State Wealth Management LLC lifted its holdings in shares of CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after buying an additional 39 shares in the last quarter. Whipplewood Advisors LLC increased its holdings in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after acquiring an additional 46 shares during the last quarter. Opal Wealth Advisors LLC purchased a new stake in CyberArk Software in the 2nd quarter worth $30,000. NewSquare Capital LLC lifted its stake in CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company's stock worth $30,000 after purchasing an additional 32 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after buying an additional 80 shares in the last quarter. 91.84% of the stock is owned by 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.