Robert W. Baird Forecasts Strong Price Appreciation for CyberArk Software (NASDAQ:CYBR) Stock

CyberArk Software (NASDAQ:CYBR - Free Report) had its target price hoisted by Robert W. Baird from $355.00 to $370.00 in a research report report published on Tuesday morning,Benzinga reports. They currently have an outperform rating on the technology company's stock.

Several other analysts also recently issued reports on the stock. Wells Fargo & Company raised their price objective on shares of CyberArk Software from $300.00 to $350.00 and gave the stock an "overweight" rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their target price on CyberArk Software from $355.00 to $375.00 and gave the stock an "overweight" rating in a research report on Monday. KeyCorp boosted their price objective on shares of CyberArk Software from $340.00 to $355.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Stifel Nicolaus lifted their price target on shares of CyberArk Software from $306.00 to $335.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Finally, BTIG Research lifted their target price on CyberArk Software from $310.00 to $325.00 and gave the company a "buy" rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $335.11.

CyberArk Software Stock Down 0.4 %

NASDAQ CYBR traded down $1.34 during trading hours on Tuesday, hitting $317.82. 337,821 shares of the company were exchanged, compared to its average volume of 516,672. The stock has a market cap of $13.85 billion, a PE ratio of 1,182.07 and a beta of 1.13. CyberArk Software has a 52 week low of $205.59 and a 52 week high of $333.32. The stock has a 50-day moving average price of $303.70 and a 200 day moving average price of $279.68.

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

Institutional Trading of CyberArk Software

Several large investors have recently made changes to their positions in CYBR. Oddo BHF Asset Management Sas acquired a new stake in CyberArk Software during the third quarter worth about $1,135,000. Wilmington Savings Fund Society FSB purchased a new position in CyberArk Software in the third quarter valued at $144,000. TT International Asset Management LTD acquired a new position in shares of CyberArk Software in the third quarter worth about $3,224,000. Coldstream Capital Management Inc. boosted its stake in shares of CyberArk Software by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock worth $359,000 after acquiring an additional 42 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in shares of CyberArk Software by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company's stock valued at $108,020,000 after acquiring an additional 14,724 shares during the period. 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.