CyberArk Software’s (CYBR) Equal Weight Rating Reiterated at Morgan Stanley

Morgan Stanley reaffirmed their equal weight rating on shares of CyberArk Software (NASDAQ:CYBRFree Report) in a research note released on Tuesday morning,Benzinga reports. They currently have a $316.00 target price on the technology company’s stock.

A number of other equities analysts have also recently issued reports on the company. StockNews.com upgraded CyberArk Software from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Robert W. Baird increased their target price on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Wedbush lifted their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Oppenheimer increased their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Royal Bank of Canada boosted their target price on CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a research report on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $341.44.

Get Our Latest Research Report on CyberArk Software

CyberArk Software Stock Up 0.8 %

CYBR opened at $335.66 on Tuesday. The stock has a market cap of $14.63 billion, a PE ratio of 1,243.23 and a beta of 1.13. CyberArk Software has a twelve month low of $209.50 and a twelve month high of $348.02. The company has a fifty day moving average of $310.94 and a 200-day moving average of $286.38.

CyberArk Software (NASDAQ:CYBRGet Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s revenue was up 25.6% compared to the same quarter last year. During the same period last year, the business posted ($0.31) EPS. Sell-side analysts anticipate that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Several large investors have recently made changes to their positions in the business. Assetmark Inc. grew its position in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares during the period. Arcadia Investment Management Corp MI boosted its stake in CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares during the last quarter. Transcendent Capital Group LLC bought a new position in shares of CyberArk Software during the 3rd quarter valued at approximately $51,000. Future Financial Wealth Managment LLC purchased a new stake in shares of CyberArk Software during the 3rd quarter worth approximately $87,000. Finally, Centaurus Financial Inc. bought a new stake in shares of CyberArk Software in the 2nd quarter worth approximately $109,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Company Profile

(Get Free Report)

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.

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Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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