CyberArk Software (NASDAQ:CYBR) Price Target Raised to $400.00 at KeyCorp

CyberArk Software (NASDAQ:CYBR - Free Report) had its target price raised by KeyCorp from $355.00 to $400.00 in a report published on Tuesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the technology company's stock.

Several other research firms have also issued reports on CYBR. Morgan Stanley restated an "equal weight" rating and set a $316.00 price target on shares of CyberArk Software in a research report on Tuesday, December 31st. Susquehanna increased their target price on CyberArk Software from $320.00 to $345.00 and gave the company a "positive" rating in a report on Thursday, November 14th. StockNews.com raised CyberArk Software from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Wells Fargo & Company increased their price objective on CyberArk Software from $350.00 to $410.00 and gave the company an "overweight" rating in a research note on Thursday, January 2nd. Finally, Jefferies Financial Group raised their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a "buy" rating in a report on Tuesday, September 24th. One research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $358.74.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR traded up $3.36 on Tuesday, hitting $355.58. The company's stock had a trading volume of 501,594 shares, compared to its average volume of 506,933. The company has a market capitalization of $15.49 billion, a PE ratio of 1,317.01 and a beta of 1.13. The company has a 50-day simple moving average of $325.25 and a 200 day simple moving average of $293.63. CyberArk Software has a 1 year low of $223.09 and a 1 year high of $363.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. CyberArk Software's revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the business posted ($0.31) earnings per share. On average, equities research analysts expect that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Nepsis Inc. increased its stake in CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after buying an additional 505,088 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in shares of CyberArk Software during the third quarter worth about $82,485,000. Clearbridge Investments LLC raised its stake in CyberArk Software by 250.0% during the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company's stock valued at $61,350,000 after purchasing an additional 160,269 shares during the period. SG Americas Securities LLC boosted its stake in CyberArk Software by 97.5% in the 4th quarter. SG Americas Securities LLC now owns 167,759 shares of the technology company's stock worth $55,889,000 after purchasing an additional 82,812 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in CyberArk Software by 89.2% during the 2nd quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company's stock valued at $45,745,000 after buying an additional 78,887 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

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.