CyberArk Software (NASDAQ:CYBR) Price Target Raised to $330.00

CyberArk Software (NASDAQ:CYBR) had its price objective increased by analysts at Jefferies Financial Group from $315.00 to $330.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s target price points to a potential upside of 16.31% from the company’s previous close.

CYBR has been the subject of several other research reports. Royal Bank of Canada assumed coverage on shares of CyberArk Software in a research note on Friday, September 20th. They issued an “outperform” rating and a $328.00 price target for the company. Wedbush increased their price objective on shares of CyberArk Software from $285.00 to $300.00 and gave the stock an “outperform” rating in a research report on Friday, August 9th. DA Davidson increased their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. KeyCorp increased their price objective on shares of CyberArk Software from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $310.00 price objective on shares of CyberArk Software in a research report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $295.92.

CyberArk Software Trading Down 0.3 %

Shares of NASDAQ CYBR opened at $283.73 on Tuesday. CyberArk Software has a 12-month low of $152.03 and a 12-month high of $293.31. The stock has a market cap of $11.99 billion, a PE ratio of -443.33 and a beta of 1.11. The company has a 50-day moving average of $269.64 and a 200 day moving average of $258.25.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The business had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter in the prior year, the company posted ($0.58) EPS. The business’s revenue for the quarter was up 27.8% on a year-over-year basis. On average, sell-side analysts forecast that CyberArk Software will post -1.06 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. acquired a new stake in CyberArk Software during the 2nd quarter worth $27,000. Montag A & Associates Inc. acquired a new stake in CyberArk Software during the 1st quarter worth $27,000. ORG Partners LLC acquired a new stake in CyberArk Software during the 2nd quarter worth $33,000. 1620 Investment Advisors Inc. acquired a new stake in CyberArk Software during the 2nd quarter worth $39,000. Finally, FinTrust Capital Advisors LLC acquired a new stake in CyberArk Software during the 4th quarter worth $34,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.