CyberArk Software (NASDAQ:CYBR) Price Target Raised to $355.00

CyberArk Software (NASDAQ:CYBR) had its price objective upped by KeyCorp from $340.00 to $355.00 in a research note released on Thursday,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

A number of other research analysts have also recently weighed in on the stock. Wedbush boosted their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research report on Tuesday, October 1st. JMP Securities reissued a “market outperform” rating and issued a $310.00 price objective on shares of CyberArk Software in a research report on Monday, November 4th. Needham & Company LLC restated a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. Mizuho upped their price objective on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a research report on Thursday, October 17th. Finally, Citigroup lifted their target price on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Stock Up 1.3 %

Shares of CYBR stock opened at $305.27 on Thursday. The company’s fifty day simple moving average is $285.06 and its two-hundred day simple moving average is $267.28. CyberArk Software has a 52 week low of $183.28 and a 52 week high of $318.16. The stock has a market cap of $13.30 billion, a P/E ratio of 1,130.63 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter last year, the firm earned ($0.31) EPS. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts anticipate that CyberArk Software will post -0.99 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Several hedge funds and other institutional investors have recently made changes to their positions in CYBR. Mather Group LLC. purchased a new position in CyberArk Software during the 2nd quarter worth $27,000. ORG Partners LLC acquired a new stake in CyberArk Software in the second quarter worth about $33,000. 1620 Investment Advisors Inc. purchased a new stake in shares of CyberArk Software during the second quarter worth about $39,000. Assetmark Inc. increased its holdings in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI raised its position in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other 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.