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

CyberArk Software Ltd. (NASDAQ:CYBR) shares 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.

Wall Street Analyst Weigh In

CYBR has been the topic of several analyst reports. KeyCorp lifted their price target on shares of CyberArk Software from $274.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th. Wells Fargo & Company boosted their target price on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. UBS Group boosted their price objective on CyberArk Software from $215.00 to $260.00 and gave the company a “buy” rating in a report on Wednesday, January 10th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $300.00 target price on shares of CyberArk Software in a report on Wednesday, April 17th. Finally, Morgan Stanley downgraded CyberArk Software from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $195.00 to $240.00 in a report on Tuesday, January 9th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $258.96.

CyberArk Software Price Performance

The firm’s fifty day moving average is $255.34 and its two-hundred day moving average is $225.39.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The business had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. Analysts forecast that CyberArk Software Ltd. will post -1.46 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Hedge funds have recently bought and sold shares of the company. TimesSquare Capital Management LLC increased its holdings in CyberArk Software by 2.1% in the third quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock worth $90,724,000 after buying an additional 11,387 shares during the last quarter. Dorsey & Whitney Trust CO LLC acquired a new stake in CyberArk Software during the third quarter valued at approximately $217,000. M&T Bank Corp boosted its stake in CyberArk Software by 9.2% in the 3rd quarter. M&T Bank Corp now owns 2,723 shares of the technology company’s stock valued at $446,000 after buying an additional 230 shares in the last quarter. Acadian Asset Management LLC grew its holdings in shares of CyberArk Software by 226.3% in the 3rd quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock worth $48,434,000 after purchasing an additional 205,224 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in CyberArk Software by 9.6% during the fourth quarter. Nordea Investment Management AB now owns 2,841 shares of the technology company’s stock worth $624,000 after buying an additional 250 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

About CyberArk Software

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.