CyberArk Software (NASDAQ:CYBR) Sees Large Volume Increase – Time to Buy?

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) saw unusually-high trading volume on Monday . Approximately 1,752,711 shares changed hands during mid-day trading, an increase of 175% from the previous session’s volume of 637,275 shares.The stock last traded at $408.9510 and had previously closed at $391.77.

Analysts Set New Price Targets

CYBR has been the topic of a number of recent analyst reports. Citigroup cut shares of CyberArk Software from a “buy” rating to a “hold” rating and lifted their price target for the stock from $465.00 to $524.00 in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of CyberArk Software in a report on Thursday, January 29th. Barclays decreased their target price on CyberArk Software from $520.00 to $460.00 and set an “equal weight” rating for the company in a research note on Thursday. JPMorgan Chase & Co. dropped their price target on CyberArk Software from $474.00 to $425.00 and set a “neutral” rating on the stock in a research report on Monday. Finally, Jefferies Financial Group lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. One equities research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software presently has an average rating of “Hold” and an average price target of $462.46.

CyberArk Software Price Performance

The company has a quick ratio of 2.14, a current ratio of 2.00 and a debt-to-equity ratio of 0.51. The company’s fifty day moving average is $447.05 and its 200 day moving average is $460.35. The firm has a market cap of $20.66 billion, a price-to-earnings ratio of 1,958.85, a PEG ratio of 17.35 and a beta of 0.91.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, February 4th. The technology company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.15 by $0.18. CyberArk Software had a positive return on equity of 0.77% and a negative net margin of 10.79%.The company had revenue of $372.65 million during the quarter, compared to the consensus estimate of $377.22 million. During the same quarter in the prior year, the firm posted $0.80 EPS. The firm’s revenue for the quarter was up 18.5% compared to the same quarter last year. On average, equities research analysts predict that CyberArk Software Ltd. will post -0.47 EPS for the current year.

Institutional Trading of CyberArk Software

Several large investors have recently modified their holdings of CYBR. Sheets Smith Wealth Management increased its stake in CyberArk Software by 0.7% in the third quarter. Sheets Smith Wealth Management now owns 3,141 shares of the technology company’s stock valued at $1,518,000 after acquiring an additional 23 shares during the last quarter. Portside Wealth Group LLC boosted its holdings in shares of CyberArk Software by 1.1% in the 3rd quarter. Portside Wealth Group LLC now owns 2,047 shares of the technology company’s stock valued at $989,000 after purchasing an additional 23 shares in the last quarter. Signal Advisors Wealth LLC increased its stake in shares of CyberArk Software by 0.6% in the 3rd quarter. Signal Advisors Wealth LLC now owns 3,917 shares of the technology company’s stock valued at $1,892,000 after purchasing an additional 24 shares during the last quarter. Savvy Advisors Inc. raised its holdings in shares of CyberArk Software by 4.6% during the 4th quarter. Savvy Advisors Inc. now owns 542 shares of the technology company’s stock worth $242,000 after buying an additional 24 shares in the last quarter. Finally, Level Four Advisory Services LLC lifted its position in shares of CyberArk Software by 0.6% during the 3rd quarter. Level Four Advisory Services LLC now owns 3,884 shares of the technology company’s stock worth $1,877,000 after buying an additional 25 shares during the last quarter. 91.84% of the stock is 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.