Morgan Stanley Lowers CyberArk Software (NASDAQ:CYBR) Price Target to $380.00

CyberArk Software (NASDAQ:CYBR - Get Free Report) had its target price decreased by equities researchers at Morgan Stanley from $390.00 to $380.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has an "equal weight" rating on the technology company's stock. Morgan Stanley's target price suggests a potential upside of 21.44% from the company's previous close.

Several other research analysts also recently commented on the stock. Rosenblatt Securities reaffirmed a "buy" rating and issued a $445.00 price objective on shares of CyberArk Software in a report on Wednesday, February 26th. Wells Fargo & Company raised their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the stock an "overweight" rating in a report on Friday, February 14th. Oppenheimer raised their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Truist Financial dropped their price objective on CyberArk Software from $450.00 to $425.00 and set a "buy" rating for the company in a report on Monday, March 31st. Finally, Needham & Company LLC reissued a "buy" rating and issued a $480.00 price target on shares of CyberArk Software in a research note on Thursday, March 20th. Two equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $412.14.

CyberArk Software Stock Performance

CYBR traded down $12.94 during midday trading on Wednesday, reaching $312.90. The company had a trading volume of 382,973 shares, compared to its average volume of 534,166. The business has a 50-day moving average price of $351.30 and a two-hundred day moving average price of $332.75. CyberArk Software has a 12-month low of $223.41 and a 12-month high of $421.00. The stock has a market cap of $15.47 billion, a PE ratio of -160.46 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its 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 positive return on equity of 0.45% and a negative net margin of 9.34%. On average, research analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software during the fourth quarter valued at about $25,000. TD Private Client Wealth LLC increased its holdings 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 acquiring an additional 34 shares in the last quarter. Whipplewood Advisors LLC raised its stake in CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after acquiring an additional 46 shares during the period. Plato Investment Management Ltd purchased a new position in CyberArk Software during the fourth quarter valued at approximately $39,000. Finally, Graney & King LLC purchased a new stake in shares of CyberArk Software in the fourth quarter worth $43,000. 91.84% of the stock is 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.