CyberArk Software (NASDAQ:CYBR) Price Target Raised to $415.00

CyberArk Software (NASDAQ:CYBR) had its target price raised by analysts at Rosenblatt Securities from $345.00 to $415.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ target price indicates a potential upside of 12.61% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. BTIG Research boosted their price target on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Morgan Stanley reiterated an “equal weight” rating and issued a $316.00 price target on shares of CyberArk Software in a research note on Tuesday, December 31st. Robert W. Baird boosted their price target on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Wells Fargo & Company boosted their price target on CyberArk Software from $410.00 to $425.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Piper Sandler boosted their price target on CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $367.44.

CyberArk Software Trading Down 1.9 %

CyberArk Software stock opened at $368.52 on Thursday. CyberArk Software has a 12 month low of $223.09 and a 12 month high of $376.61. The stock’s 50 day moving average is $332.21 and its 200-day moving average is $297.43. The company has a market capitalization of $16.06 billion, a price-to-earnings ratio of 1,364.94 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results 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 company 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. The firm’s revenue for the quarter was up 25.6% on a year-over-year basis. As a group, equities research analysts predict that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Coldstream Capital Management Inc. increased its holdings in CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after purchasing an additional 42 shares during the period. Greenleaf Trust increased its holdings in CyberArk Software by 2.5% in the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after purchasing an additional 45 shares during the period. Signaturefd LLC increased its holdings in CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after purchasing an additional 49 shares during the period. Austin Private Wealth LLC increased its holdings in CyberArk Software by 6.8% in the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after purchasing an additional 52 shares during the period. Finally, Juncture Wealth Strategies LLC increased its holdings in CyberArk Software by 2.1% in the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after purchasing an additional 57 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.