JPMorgan Chase & Co. Cuts CyberArk Software (NASDAQ:CYBR) Price Target to $425.00

CyberArk Software (NASDAQ:CYBR) had its price target cut by JPMorgan Chase & Co. from $474.00 to $425.00 in a research note published on Monday,Benzinga reports. They currently have a neutral rating on the technology company’s stock.

A number of other brokerages also recently commented on CYBR. Mizuho reduced their price objective on shares of CyberArk Software from $520.00 to $470.00 and set an “outperform” rating for the company in a research note on Thursday, February 5th. DA Davidson upped their price objective on CyberArk Software from $518.00 to $573.00 and gave the stock a “buy” rating in a research note on Thursday, February 5th. Jefferies Financial Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Sunday, November 30th. Citigroup downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating and boosted their target price for the stock from $465.00 to $524.00 in a report on Tuesday, November 4th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of CyberArk Software in a research report on Thursday, January 29th. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $462.46.

CyberArk Software Stock Performance

CyberArk Software stock opened at $408.85 on Monday. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 2.00. The company has a market capitalization of $20.64 billion, a PE ratio of -139.54, a P/E/G ratio of 18.11 and a beta of 0.91. The company has a 50 day moving average price of $444.92 and a 200-day moving average price of $460.20. CyberArk Software has a fifty-two week low of $288.63 and a fifty-two week high of $526.19.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, topping the consensus estimate of $1.15 by $0.18. The company had revenue of $372.65 million for the quarter, compared to the consensus estimate of $377.22 million. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.CyberArk Software’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business posted $0.80 EPS. As a group, equities analysts forecast that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Trading of CyberArk Software

Institutional investors have recently bought and sold shares of the stock. Cornerstone Planning Group LLC raised its stake in CyberArk Software by 5,300.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock worth $28,000 after acquiring an additional 53 shares during the last quarter. Eastern Bank raised its stake in shares of CyberArk Software by 346.2% in the fourth quarter. Eastern Bank now owns 58 shares of the technology company’s stock worth $26,000 after purchasing an additional 45 shares during the last quarter. Parkside Financial Bank & Trust lifted its holdings in shares of CyberArk Software by 120.7% during the third quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock worth $31,000 after purchasing an additional 35 shares during the period. NewSquare Capital LLC boosted its position in CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after buying an additional 32 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new position in CyberArk Software in the 2nd quarter worth approximately $33,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

About CyberArk Software

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.