CyberArk Software (NASDAQ:CYBR) Shares Gap Down – Time to Sell?

CyberArk Software Ltd. (NASDAQ:CYBR)’s share price gapped down before the market opened on Wednesday . The stock had previously closed at $348.26, but opened at $333.50. CyberArk Software shares last traded at $339.43, with a volume of 114,198 shares changing hands.

Wall Street Analyst Weigh In

Several research analysts recently commented on CYBR shares. Robert W. Baird boosted their price target on CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 25th. Stifel Nicolaus upped their target price on CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research report on Friday, February 14th. KeyCorp raised their price target on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Guggenheim reaffirmed a “buy” rating and issued a $455.00 price target on shares of CyberArk Software in a report on Tuesday, February 25th. Finally, StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday, February 21st. Two equities research analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average target price of $418.04.

CyberArk Software Price Performance

The stock has a fifty day moving average price of $363.73 and a two-hundred day moving average price of $327.66. The company has a market cap of $16.71 billion, a P/E ratio of -174.06 and a beta of 1.06.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, analysts forecast that CyberArk Software Ltd. will post -0.47 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

Several large investors have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. acquired a new stake in shares of CyberArk Software in the 4th quarter worth approximately $25,000. TD Private Client Wealth LLC lifted its position 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 purchasing an additional 34 shares during the period. Plato Investment Management Ltd bought a new position in CyberArk Software during the 4th quarter valued at $39,000. Graney & King LLC acquired a new position in shares of CyberArk Software during the 4th quarter valued at $43,000. Finally, Montag A & Associates Inc. raised its stake in shares of CyberArk Software by 47.2% in the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds 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.