CyberArk Software (NASDAQ:CYBR) PT Raised to $325.00

CyberArk Software (NASDAQ:CYBR) had its target price lifted by Wedbush from $300.00 to $325.00 in a research note released on Tuesday, Benzinga reports. They currently have an outperform rating on the technology company’s stock.

A number of other equities analysts have also recently weighed in on CYBR. JMP Securities restated a market outperform rating and issued a $310.00 price target on shares of CyberArk Software in a report on Monday, June 17th. Guggenheim reaffirmed a buy rating and set a $300.00 price target on shares of CyberArk Software in a report on Tuesday, June 25th. DA Davidson boosted their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a buy rating in a report on Friday, August 9th. Canaccord Genuity Group lowered their target price on CyberArk Software from $300.00 to $280.00 and set a buy rating for the company in a research note on Tuesday, June 4th. Finally, Royal Bank of Canada started coverage on CyberArk Software in a research note on Friday, September 20th. They issued an outperform rating and a $328.00 price target on the stock. Two analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Moderate Buy and an average price target of $296.92.

CyberArk Software Trading Up 0.5 %

Shares of CYBR stock opened at $280.34 on Tuesday. The company has a market cap of $11.85 billion, a PE ratio of -438.03 and a beta of 1.12. The company’s fifty day simple moving average is $272.71 and its 200-day simple moving average is $259.29. CyberArk Software has a 52 week low of $152.03 and a 52 week high of $294.89.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The company had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. During the same period last year, the company posted ($0.58) earnings per share. The firm’s revenue was up 27.8% compared to the same quarter last year. Equities research analysts expect that CyberArk Software will post -1.06 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors and hedge funds have recently bought and sold shares of the business. Swedbank AB bought a new position in shares of CyberArk Software during the first quarter valued at approximately $109,466,000. 1832 Asset Management L.P. boosted its position in CyberArk Software by 1,291.7% during the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after purchasing an additional 358,602 shares during the period. Global Assets Advisory LLC acquired a new position in CyberArk Software during the 1st quarter valued at approximately $67,736,000. Contour Asset Management LLC bought a new position in CyberArk Software during the 4th quarter worth $48,605,000. Finally, Anomaly Capital Management LP acquired a new stake in CyberArk Software in the second quarter worth $49,145,000. 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.