CyberArk Software (NASDAQ:CYBR) Stock Price Expected to Rise, Morgan Stanley Analyst Says

CyberArk Software (NASDAQ:CYBR) had its price target boosted by equities researchers at Morgan Stanley from $316.00 to $390.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “equal weight” rating on the technology company’s stock. Morgan Stanley’s price objective suggests a potential downside of 6.05% from the stock’s previous close.

Several other research firms also recently weighed in on CYBR. Scotiabank increased their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, January 21st. Rosenblatt Securities upped their price target on CyberArk Software from $415.00 to $445.00 and gave the stock a “buy” rating in a research note on Friday. Cantor Fitzgerald reiterated an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a research note on Monday, January 27th. Oppenheimer increased their target price on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research note on Wednesday, February 5th. Finally, Robert W. Baird increased their target price on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and an average price target of $386.15.

CyberArk Software Stock Up 9.0 %

Shares of NASDAQ:CYBR opened at $415.11 on Friday. CyberArk Software has a 52-week low of $223.09 and a 52-week high of $418.49. The stock’s fifty day simple moving average is $344.38 and its 200-day simple moving average is $305.97. The company has a market capitalization of $18.09 billion, a P/E ratio of 1,549.36 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. On average, sell-side analysts anticipate that CyberArk Software will post -0.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CYBR. Norges Bank bought a new position in CyberArk Software during the 4th quarter worth approximately $203,375,000. Nepsis Inc. lifted its holdings in shares of CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after purchasing an additional 505,088 shares during the last quarter. Jennison Associates LLC lifted its holdings in shares of CyberArk Software by 32.3% in the 4th 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 during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of CyberArk Software by 195.7% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock worth $170,614,000 after purchasing an additional 336,462 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of CyberArk Software in the 3rd quarter worth approximately $82,485,000. 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.