CyberArk Software (NASDAQ:CYBR) Price Target Raised to $485.00

CyberArk Software (NASDAQ:CYBR - Get Free Report) had its price objective hoisted by KeyCorp from $400.00 to $485.00 in a report released on Friday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. KeyCorp's price objective indicates a potential upside of 18.36% from the company's previous close.

Other analysts have also issued reports about the stock. Robert W. Baird upped their price objective on shares of CyberArk Software from $355.00 to $370.00 and gave the company an "outperform" rating in a research note on Tuesday, December 17th. Mizuho increased their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an "outperform" rating in a research report on Friday, December 13th. Needham & Company LLC increased their price target on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a "buy" rating in a research report on Thursday, January 9th. StockNews.com lowered shares of CyberArk Software from a "buy" rating to a "hold" rating in a research report on Monday, February 10th. Finally, Stifel Nicolaus increased their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the stock a "buy" rating in a research report on Friday. Two analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $401.67.

CyberArk Software Trading Down 0.9 %

CYBR stock traded down $3.55 during mid-day trading on Friday, reaching $409.76. 840,576 shares of the stock traded hands, compared to its average volume of 572,654. CyberArk Software has a 52-week low of $223.09 and a 52-week 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 stock's fifty day moving average is $349.78 and its 200-day moving average is $309.64.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data 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 research analysts expect that CyberArk Software will post -0.58 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

Institutional investors and hedge funds have recently bought and sold shares of the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software during the fourth quarter worth $25,000. TD Private Client Wealth LLC boosted its stake in 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 in the last quarter. Plato Investment Management Ltd acquired a new stake in CyberArk Software during the fourth quarter worth $39,000. Graney & King LLC acquired a new stake in CyberArk Software during the fourth quarter worth $43,000. Finally, Montag A & Associates Inc. boosted its stake in 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 in the last quarter. Institutional investors own 91.84% of the company's stock.

About CyberArk Software

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.