CyberArk Software (NASDAQ:CYBR) Price Target Raised to $444.00 at Stifel Nicolaus

CyberArk Software (NASDAQ:CYBR - Free Report) had its price objective increased by Stifel Nicolaus from $370.00 to $444.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company's stock.

Several other brokerages have also commented on CYBR. DA Davidson boosted their price target on CyberArk Software from $360.00 to $390.00 and gave the stock a "buy" rating in a research note on Friday, January 3rd. JMP Securities boosted their target price on CyberArk Software from $390.00 to $480.00 and gave the stock a "market outperform" rating in a research report on Friday. Canaccord Genuity Group raised their price target on CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research report on Friday. Citigroup boosted their price objective on shares of CyberArk Software from $355.00 to $410.00 and gave the stock a "buy" rating in a research report on Friday, January 17th. Finally, Piper Sandler increased their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $401.67.

CyberArk Software Stock Down 0.9 %

CYBR stock traded down $3.55 on Friday, reaching $409.76. 840,576 shares of the company's stock were exchanged, compared to its average volume of 572,654. The stock has a fifty day moving average of $349.78 and a 200-day moving average of $309.64. The firm has a market cap of $17.85 billion, a PE ratio of 1,517.69 and a beta of 1.15. CyberArk Software has a twelve month low of $223.09 and a twelve month high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. On average, equities research analysts predict that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

A number of institutional investors and hedge funds have recently made changes to their positions in CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new stake in CyberArk Software during the fourth quarter valued at about $25,000. TD Private Client Wealth LLC lifted its stake in shares of CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after purchasing an additional 34 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of CyberArk Software during the 4th quarter worth about $39,000. Graney & King LLC acquired a new stake in CyberArk Software during the 4th quarter worth approximately $43,000. Finally, Montag A & Associates Inc. raised its holdings in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company's stock valued at $44,000 after buying an additional 42 shares during the period. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.