CyberArk Software (NASDAQ:CYBR) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

CyberArk Software (NASDAQ:CYBR - Get Free Report) had its target price hoisted by JPMorgan Chase & Co. from $355.00 to $375.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s price target indicates a potential upside of 17.50% from the company's current price.

Other research analysts have also issued reports about the stock. Oppenheimer raised their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an "outperform" rating in a research note on Tuesday, October 22nd. Stifel Nicolaus upped their target price on CyberArk Software from $306.00 to $335.00 and gave the company a "buy" rating in a report on Thursday, November 14th. Cantor Fitzgerald reissued an "overweight" rating and issued a $335.00 price target on shares of CyberArk Software in a research note on Thursday, November 14th. Barclays increased their price objective on CyberArk Software from $330.00 to $335.00 and gave the stock an "overweight" rating in a research report on Thursday, November 14th. Finally, Robert W. Baird lifted their target price on CyberArk Software from $315.00 to $355.00 and gave the company an "outperform" rating in a research report on Thursday, October 24th. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $334.56.

CyberArk Software Stock Up 1.9 %

Shares of NASDAQ:CYBR traded up $5.80 during trading on Monday, reaching $319.16. 436,814 shares of the company's stock traded hands, compared to its average volume of 517,389. The firm has a market cap of $13.91 billion, a PE ratio of 1,179.44 and a beta of 1.13. CyberArk Software has a fifty-two week low of $205.59 and a fifty-two week high of $333.32. The company has a 50-day simple moving average of $302.84 and a 200-day simple moving average of $279.02.

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

Institutional Trading of CyberArk Software

Several hedge funds have recently made changes to their positions in CYBR. Ensign Peak Advisors Inc purchased a new stake in shares of CyberArk Software in the second quarter valued at approximately $711,000. HighTower Advisors LLC grew its stake in shares of CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock worth $4,212,000 after purchasing an additional 2,062 shares during the period. Sycomore Asset Management grew its stake in shares of CyberArk Software by 36.6% during the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company's stock worth $15,973,000 after purchasing an additional 16,294 shares during the period. Jennison Associates LLC increased its holdings in shares of CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock valued at $353,386,000 after purchasing an additional 9,570 shares in the last quarter. Finally, Groupama Asset Managment lifted its stake in shares of CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock valued at $304,000 after purchasing an additional 5,402 shares during the period. Institutional investors and hedge funds 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.