Jefferies Financial Group Boosts CyberArk Software (NASDAQ:CYBR) Price Target to $330.00

CyberArk Software (NASDAQ:CYBR) had its target price boosted by Jefferies Financial Group from $315.00 to $330.00 in a research report released on Tuesday morning, Benzinga reports. Jefferies Financial Group currently has a buy rating on the technology company’s stock.

CYBR has been the topic of several other reports. Rosenblatt Securities restated a buy rating and set a $310.00 target price on shares of CyberArk Software in a report on Tuesday, August 6th. Needham & Company LLC reiterated a buy rating and issued a $310.00 price objective on shares of CyberArk Software in a research note on Friday, August 9th. Robert W. Baird increased their target price on CyberArk Software from $295.00 to $315.00 and gave the company an outperform rating in a research note on Friday, August 9th. Citigroup lifted their price target on CyberArk Software from $305.00 to $310.00 and gave the stock a buy rating in a research report on Friday, August 9th. Finally, Cantor Fitzgerald reissued an overweight rating and issued a $300.00 price objective on shares of CyberArk Software in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software presently has a consensus rating of Moderate Buy and an average target price of $295.92.

CyberArk Software Price Performance

CYBR opened at $287.38 on Tuesday. The company has a market capitalization of $12.14 billion, a PE ratio of -449.03 and a beta of 1.11. The business has a 50-day moving average of $269.64 and a 200-day moving average of $258.25. CyberArk Software has a fifty-two week low of $152.03 and a fifty-two week high of $293.31.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data 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. The firm had revenue of $224.71 million for the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company’s revenue for the quarter was up 27.8% on a year-over-year basis. During the same quarter last year, the firm earned ($0.58) earnings per share. On average, equities research analysts expect that CyberArk Software will post -1.06 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

Several institutional investors have recently bought and sold shares of CYBR. Swedbank AB acquired a new stake in shares of CyberArk Software during the 1st quarter worth about $109,466,000. 1832 Asset Management L.P. grew its position in CyberArk Software by 1,291.7% during the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after acquiring an additional 358,602 shares during the last quarter. Global Assets Advisory LLC bought a new stake in CyberArk Software during the 1st quarter worth approximately $67,736,000. Contour Asset Management LLC acquired a new stake in CyberArk Software during the 4th quarter valued at $48,605,000. Finally, Anomaly Capital Management LP bought a new position in CyberArk Software in the 2nd quarter valued at $49,145,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

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.