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

Shares of CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) gapped down before the market opened 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 trading hands.

Analyst Ratings Changes

CYBR has been the topic of several recent analyst reports. Bank of America reissued a "buy" rating and set a $315.00 target price on shares of CyberArk Software in a research note on Wednesday, April 24th. Cantor Fitzgerald reissued an "overweight" rating and set a $300.00 target price on shares of CyberArk Software in a research note on Wednesday, April 17th. Truist Financial lifted their target price on CyberArk Software from $250.00 to $300.00 and gave the company a "buy" rating in a research note on Friday, February 9th. Morgan Stanley downgraded CyberArk Software from an "overweight" rating to an "equal weight" rating and lifted their target price for the company from $195.00 to $240.00 in a research note on Tuesday, January 9th. Finally, Needham & Company LLC lifted their target price on CyberArk Software from $245.00 to $310.00 and gave the company a "buy" rating in a research note on Friday, February 9th. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $258.96.

CyberArk Software Stock Performance

The stock has a fifty day moving average of $254.99 and a 200-day moving average of $225.45. The company has a market cap of $9.87 billion, a PE ratio of -144.16 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $209.65 million. As a group, equities analysts anticipate that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Hedge funds have recently made changes to their positions in the stock. Arcadia Investment Management Corp MI purchased a new stake in shares of CyberArk Software during the 1st quarter worth $34,000. Blue Bell Private Wealth Management LLC acquired a new stake in CyberArk Software in the first quarter worth about $34,000. FinTrust Capital Advisors LLC acquired a new stake in CyberArk Software in the fourth quarter worth about $34,000. Assetmark Inc. boosted its holdings in CyberArk Software by 62.1% in the third quarter. Assetmark Inc. now owns 248 shares of the technology company's stock worth $41,000 after acquiring an additional 95 shares in the last quarter. Finally, Central Bank & Trust Co. acquired a new stake in CyberArk Software in the first quarter worth about $53,000. 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.