CyberArk Software (NASDAQ:CYBR) Price Target Raised to $410.00

CyberArk Software (NASDAQ:CYBR) had its price target boosted by Royal Bank of Canada from $385.00 to $410.00 in a report published on Tuesday,Benzinga reports. The firm currently has an outperform rating on the technology company’s stock.

Several other equities research analysts have also weighed in on the company. Barclays lifted their price objective on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a report on Thursday, November 14th. Susquehanna boosted their price target on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. UBS Group upped their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Mizuho lifted their price objective on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Finally, StockNews.com upgraded CyberArk Software from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and an average price target of $358.74.

CyberArk Software Stock Up 0.1 %

CYBR opened at $358.93 on Tuesday. CyberArk Software has a twelve month low of $223.09 and a twelve month high of $364.18. The company’s 50-day moving average price is $327.68 and its two-hundred day moving average price is $294.66. The stock has a market cap of $15.64 billion, a price-to-earnings ratio of 1,329.42 and a beta of 1.13.

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

Hedge Funds Weigh In On CyberArk Software

Several institutional investors have recently modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $25,000. Assetmark Inc. increased its stake 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 buying an additional 123 shares during the period. Transcendent Capital Group LLC bought a new position in shares of CyberArk Software during the third quarter valued at approximately $51,000. Kieckhefer Group LLC purchased a new stake in CyberArk Software in the fourth quarter worth $67,000. Finally, Future Financial Wealth Managment LLC bought a new stake in CyberArk Software in the third quarter valued at $87,000. 91.84% of the stock is currently 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.