CyberArk Software (NASDAQ:CYBR) Price Target Raised to $450.00 at Barclays

CyberArk Software (NASDAQ:CYBR - Free Report) had its target price raised by Barclays from $375.00 to $450.00 in a research note issued to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the technology company's stock.

CYBR has been the topic of a number of other research reports. Cantor Fitzgerald reiterated an "overweight" rating and issued a $415.00 price target on shares of CyberArk Software in a research note on Monday, January 27th. Canaccord Genuity Group upped their price target on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a "buy" rating in a research note on Thursday, November 14th. Citigroup upped their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a "buy" rating in a research note on Friday, January 17th. Morgan Stanley reissued an "equal weight" rating and issued a $316.00 target price on shares of CyberArk Software in a research report on Tuesday, December 31st. Finally, StockNews.com lowered CyberArk Software from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $401.67.

CyberArk Software Stock Down 0.9 %

Shares of CYBR stock traded down $3.55 during mid-day trading on Friday, reaching $409.76. 840,576 shares of the company's stock traded hands, compared to its average volume of 572,654. CyberArk Software has a 12 month low of $223.09 and a 12 month high of $421.00. The company has a market cap of $17.85 billion, a P/E ratio of 1,517.69 and a beta of 1.15. The company's 50-day moving average price is $349.78 and its 200-day moving average price 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 predict that CyberArk Software will post -0.58 earnings per share for the current year.

Institutional Trading of CyberArk Software

Several institutional investors and hedge funds have recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software in the fourth quarter worth about $25,000. TD Private Client Wealth LLC raised its holdings in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Assetmark Inc. raised its holdings in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company's stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Plato Investment Management Ltd bought a new position in CyberArk Software in the fourth quarter worth about $39,000. Finally, Graney & King LLC bought a new position in CyberArk Software in the fourth quarter worth about $43,000. 91.84% of the stock is currently owned by 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.