CyberArk Software (NASDAQ:CYBR - Free Report) had its price target hoisted by Rosenblatt Securities from $415.00 to $445.00 in a report published on Friday,Benzinga reports. The brokerage currently has a buy rating on the technology company's stock.
A number of other equities analysts have also recently commented on CYBR. 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. Scotiabank increased their target price on CyberArk Software from $340.00 to $400.00 and gave the company a "sector outperform" rating in a report on Tuesday, January 21st. KeyCorp upped their price target on CyberArk Software from $355.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Canaccord Genuity Group upped their price target on CyberArk Software from $310.00 to $330.00 and gave the company a "buy" rating in a research report on Thursday, November 14th. Finally, Wells Fargo & Company upped their price target on CyberArk Software from $410.00 to $425.00 and gave the company an "overweight" rating in a research report on Monday, January 27th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $401.67.
Check Out Our Latest Stock Analysis on CYBR
CyberArk Software Price Performance
NASDAQ CYBR traded down $3.55 during trading hours on Friday, reaching $409.76. The company's stock had a trading volume of 840,576 shares, compared to its average volume of 572,654. The firm has a market capitalization of $17.85 billion, a price-to-earnings ratio of 1,517.69 and a beta of 1.15. CyberArk Software has a 1-year low of $223.09 and a 1-year high of $421.00. The company's 50-day moving average is $349.78 and its two-hundred day moving average is $309.64.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. Equities analysts forecast that CyberArk Software will post -0.58 EPS for the current fiscal year.
Hedge Funds Weigh In On CyberArk Software
Several hedge funds have recently made changes to their positions in CYBR. TD Private Client Wealth LLC grew its holdings in shares of CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after buying an additional 34 shares during the last quarter. CenterBook Partners LP grew its holdings in shares of CyberArk Software by 2.4% during the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company's stock worth $534,000 after buying an additional 38 shares during the last quarter. Coldstream Capital Management Inc. grew its holdings in shares of CyberArk Software by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock worth $359,000 after buying an additional 42 shares during the last quarter. Montag A & Associates Inc. grew its holdings in shares of CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock worth $44,000 after buying an additional 42 shares during the last quarter. Finally, Greenleaf Trust grew its holdings in shares of CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company's stock worth $533,000 after buying an additional 45 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company's stock.
About CyberArk Software
(
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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.
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