CyberArk Software (NASDAQ:CYBR) Price Target Raised to $440.00

CyberArk Software (NASDAQ:CYBR) had its price objective increased by Canaccord Genuity Group from $330.00 to $440.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other research analysts have also issued reports on the company. Mizuho raised their price target on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. JMP Securities restated a “market outperform” rating and set a $360.00 target price on shares of CyberArk Software in a report on Tuesday, January 14th. StockNews.com cut CyberArk Software from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Susquehanna lifted their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Finally, Royal Bank of Canada boosted their price objective on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Trading Down 0.2 %

Shares of NASDAQ:CYBR opened at $413.31 on Friday. CyberArk Software has a 1-year low of $223.09 and a 1-year high of $419.49. The stock has a market capitalization of $18.01 billion, a P/E ratio of 1,530.83 and a beta of 1.15. The business has a 50-day moving average price of $347.91 and a two-hundred day moving average price of $308.53.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. As a group, equities analysts predict that CyberArk Software will post -0.58 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC lifted its position in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares in the last quarter. CenterBook Partners LP increased its position in shares of CyberArk Software by 2.4% in the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock valued at $534,000 after acquiring an additional 38 shares during the last quarter. Coldstream Capital Management Inc. raised its holdings in CyberArk Software by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after acquiring an additional 42 shares in the last quarter. Montag A & Associates Inc. boosted its position in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after purchasing an additional 42 shares during the last quarter. Finally, Greenleaf Trust grew its stake in CyberArk Software by 2.5% in the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after purchasing an additional 45 shares in the last quarter. Institutional investors and hedge funds 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.