CyberArk Software (NASDAQ:CYBR) Receives Market Outperform Rating from JMP Securities

JMP Securities restated their market outperform rating on shares of CyberArk Software (NASDAQ:CYBR) in a research report report published on Monday,Benzinga reports. The brokerage currently has a $310.00 price target on the technology company’s stock.

Several other equities analysts also recently issued reports on the stock. DA Davidson boosted their price target on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 9th. BTIG Research raised their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Cantor Fitzgerald boosted their price objective on CyberArk Software from $300.00 to $335.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Scotiabank initiated coverage on CyberArk Software in a research report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price on the stock. Finally, Royal Bank of Canada assumed coverage on CyberArk Software in a research report on Friday, September 20th. They set an “outperform” rating and a $328.00 price target for the company. One investment analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $311.44.

CyberArk Software Stock Up 0.6 %

Shares of NASDAQ:CYBR opened at $296.20 on Monday. The company has a market cap of $12.91 billion, a PE ratio of -925.63 and a beta of 1.13. CyberArk Software has a fifty-two week low of $181.02 and a fifty-two week high of $308.63. The firm has a 50-day simple moving average of $282.60 and a 200 day simple moving average of $264.74.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. During the same period in the prior year, the firm earned ($0.58) EPS. The business’s quarterly revenue was up 27.8% on a year-over-year basis. As a group, research analysts forecast that CyberArk Software will post -1.05 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

A number of hedge funds have recently made changes to their positions in CYBR. Montag A & Associates Inc. acquired a new position in CyberArk Software in the 1st quarter valued at approximately $27,000. Mather Group LLC. acquired a new position in shares of CyberArk Software in the second quarter worth $27,000. ORG Partners LLC purchased a new stake in shares of CyberArk Software during the second quarter worth $33,000. 1620 Investment Advisors Inc. acquired a new stake in CyberArk Software during the second quarter valued at $39,000. Finally, Assetmark Inc. grew its stake in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other 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.