DA Davidson Has Lowered Expectations for CyberArk Software (NASDAQ:CYBR) Stock Price

CyberArk Software (NASDAQ:CYBR - Get Free Report) had its price objective cut by analysts at DA Davidson from $475.00 to $415.00 in a research note issued on Monday,Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. DA Davidson's price objective points to a potential upside of 27.36% from the stock's previous close.

A number of other analysts have also commented on the company. JPMorgan Chase & Co. raised their price target on CyberArk Software from $375.00 to $431.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 11th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $415.00 target price on shares of CyberArk Software in a research note on Monday, January 27th. KeyCorp raised their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Canaccord Genuity Group upped their target price on CyberArk Software from $330.00 to $440.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Barclays raised their target price on CyberArk Software from $375.00 to $450.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $412.14.

CyberArk Software Trading Down 1.6 %

Shares of CyberArk Software stock traded down $5.46 on Monday, reaching $325.84. The stock had a trading volume of 646,229 shares, compared to its average volume of 534,385. The business's 50 day moving average is $351.30 and its two-hundred day moving average is $331.98. The company has a market cap of $16.11 billion, a P/E ratio of -167.10 and a beta of 1.00. CyberArk Software has a 1 year low of $223.41 and a 1 year high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS 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, equities analysts anticipate that CyberArk Software will post -0.47 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

A number of hedge funds and other institutional investors have recently bought and sold shares of CYBR. Jennison Associates LLC raised its holdings in CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company's stock worth $534,287,000 after purchasing an additional 391,900 shares in the last quarter. Thoma Bravo L.P. acquired a new position in shares of CyberArk Software in the 4th quarter valued at $380,637,000. First Trust Advisors LP raised its position in CyberArk Software by 2.3% in the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock valued at $313,084,000 after purchasing an additional 20,832 shares during the last quarter. Pictet Asset Management Holding SA boosted its stake in CyberArk Software by 8.4% during the 4th quarter. Pictet Asset Management Holding SA now owns 878,435 shares of the technology company's stock worth $292,651,000 after purchasing an additional 68,359 shares during the period. Finally, Norges Bank purchased a new position in shares of CyberArk Software during the fourth quarter worth about $203,375,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.