CyberArk Software’s (CYBR) “Market Outperform” Rating Reiterated at JMP Securities

CyberArk Software (NASDAQ:CYBR)‘s stock had its “market outperform” rating reaffirmed by analysts at JMP Securities in a research report issued to clients and investors on Tuesday,Benzinga reports. They currently have a $360.00 price objective on the technology company’s stock. JMP Securities’ target price would indicate a potential upside of 6.56% from the company’s previous close.

CYBR has been the topic of several other reports. StockNews.com raised CyberArk Software from a “hold” rating to a “buy” rating in a report on Monday, December 9th. UBS Group upped their price target on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Susquehanna upped their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday, November 14th. Barclays upped their price target on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Finally, Oppenheimer upped their price target on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $350.22.

CyberArk Software Stock Performance

CYBR opened at $337.83 on Tuesday. CyberArk Software has a 52-week low of $221.12 and a 52-week high of $348.29. The stock has a market capitalization of $14.72 billion, a PE ratio of 1,251.27 and a beta of 1.13. The stock’s 50 day moving average price is $319.47 and its 200-day moving average price is $290.87.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.31) earnings per share. Research analysts forecast that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in CYBR. Assetmark Inc. increased its position in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in CyberArk Software during the 3rd quarter valued at about $51,000. Kieckhefer Group LLC acquired a new position in CyberArk Software during the 4th quarter valued at about $67,000. Future Financial Wealth Managment LLC purchased a new stake in CyberArk Software during the 3rd quarter valued at about $87,000. Finally, Centaurus Financial Inc. purchased a new stake in CyberArk Software during the 2nd quarter valued at about $109,000. 91.84% of the stock is owned by institutional investors.

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.