CyberArk Software (NASDAQ:CYBR) Price Target Raised to $465.00 at Robert W. Baird

CyberArk Software (NASDAQ:CYBR) had its price objective hoisted by analysts at Robert W. Baird from $455.00 to $465.00 in a research note issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s target price points to a potential upside of 27.68% from the company’s previous close.

Several other equities analysts have also recently issued reports on CYBR. UBS Group boosted their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Royal Bank of Canada upped their target price on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. StockNews.com downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research note on Friday, February 21st. Piper Sandler raised their price objective on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a research note on Thursday, February 6th. Finally, Oppenheimer upped their price objective on CyberArk Software from $360.00 to $420.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 5th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $416.67.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $364.18 on Tuesday. The stock has a fifty day moving average price of $358.58 and a 200-day moving average price of $315.53. CyberArk Software has a 1 year low of $223.41 and a 1 year high of $421.00. The firm has a market cap of $15.87 billion, a PE ratio of -186.76 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly 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 negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, equities analysts anticipate that CyberArk Software will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

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