CyberArk Software (NASDAQ:CYBR) Shares Gap Up – Still a Buy?

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) gapped up before the market opened on Thursday . The stock had previously closed at $380.86, but opened at $408.89. CyberArk Software shares last traded at $402.50, with a volume of 274,785 shares traded.

Wall Street Analyst Weigh In

CYBR has been the subject of several recent analyst reports. JMP Securities upped their price objective on CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research report on Friday. Morgan Stanley upped their price objective on CyberArk Software from $316.00 to $390.00 and gave the stock an “equal weight” rating in a research report on Friday. Robert W. Baird upped their price objective on CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 17th. Susquehanna upped their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Finally, KeyCorp upped their target price on CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a report on Friday. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Trading Down 0.2 %

The firm has a 50-day moving average of $346.11 and a 200 day moving average of $306.73. The company has a market cap of $18.01 billion, a P/E ratio of 1,530.83 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) 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, equities analysts predict that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

Institutional investors and hedge funds have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of CyberArk Software during the 4th quarter valued at about $25,000. TD Private Client Wealth LLC boosted its holdings in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after acquiring an additional 34 shares in the last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software in the fourth quarter worth approximately $39,000. Graney & King LLC bought a new position in CyberArk Software in the fourth quarter worth approximately $43,000. Finally, Montag A & Associates Inc. boosted its holdings in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after acquiring an additional 42 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

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.