CyberArk Software (NASDAQ:CYBR) Stock Price Expected to Rise, Royal Bank of Canada Analyst Says

CyberArk Software (NASDAQ:CYBR - Get Free Report) had its price target boosted by analysts at Royal Bank of Canada from $385.00 to $410.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an "outperform" rating on the technology company's stock. Royal Bank of Canada's price objective would indicate a potential upside of 15.30% from the stock's current price.

Several other equities analysts have also weighed in on CYBR. BTIG Research increased their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, October 9th. JPMorgan Chase & Co. raised their price target on CyberArk Software from $355.00 to $375.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Robert W. Baird upped their price objective on CyberArk Software from $355.00 to $370.00 and gave the company an "outperform" rating in a report on Tuesday, December 17th. Barclays increased their target price on CyberArk Software from $330.00 to $335.00 and gave the company an "overweight" rating in a research note on Thursday, November 14th. Finally, StockNews.com upgraded CyberArk Software from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $358.74.

CyberArk Software Trading Up 1.0 %

Shares of CYBR traded up $3.36 during mid-day trading on Tuesday, hitting $355.58. 501,594 shares of the company traded hands, compared to its average volume of 506,933. The business has a 50-day moving average of $325.25 and a 200 day moving average of $293.63. CyberArk Software has a one year low of $223.09 and a one year high of $363.00. The stock has a market capitalization of $15.49 billion, a price-to-earnings ratio of 1,317.01 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $234.10 million. During the same period last year, the firm earned ($0.31) EPS. The business's revenue for the quarter was up 25.6% on a year-over-year basis. As a group, analysts anticipate that CyberArk Software will post -0.58 earnings per share for the current year.

Institutional Trading of CyberArk Software

Institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP grew its stake in CyberArk Software by 506.7% in the second quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company's stock valued at $1,795,000 after purchasing an additional 5,483 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of CyberArk Software by 16.2% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 2,868 shares of the technology company's stock valued at $783,000 after buying an additional 399 shares during the last quarter. Sei Investments Co. grew its stake in shares of CyberArk Software by 6.1% in the second quarter. Sei Investments Co. now owns 105,583 shares of the technology company's stock valued at $28,868,000 after buying an additional 6,113 shares in the last quarter. Ensign Peak Advisors Inc acquired a new position in CyberArk Software during the second quarter worth $711,000. Finally, Public Sector Pension Investment Board increased its holdings in CyberArk Software by 7.4% during the second quarter. Public Sector Pension Investment Board now owns 17,794 shares of the technology company's stock worth $4,865,000 after buying an additional 1,232 shares during 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.