CyberArk Software (NASDAQ:CYBR) Shares Up 3.9% - What's Next?

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report)'s share price shot up 3.9% during mid-day trading on Tuesday . The company traded as high as $332.02 and last traded at $331.91. 289,410 shares traded hands during mid-day trading, a decline of 43% from the average session volume of 510,622 shares. The stock had previously closed at $319.60.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. UBS Group boosted their price objective on shares of CyberArk Software from $340.00 to $360.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Scotiabank began coverage on shares of CyberArk Software in a report on Monday, October 21st. They issued a "sector outperform" rating and a $340.00 price target on the stock. Robert W. Baird increased their price objective on CyberArk Software from $355.00 to $370.00 and gave the stock an "outperform" rating in a research report on Tuesday, December 17th. JPMorgan Chase & Co. boosted their target price on CyberArk Software from $355.00 to $375.00 and gave the stock an "overweight" rating in a research report on Monday, December 16th. Finally, Wells Fargo & Company raised their price target on CyberArk Software from $300.00 to $350.00 and gave the company an "overweight" rating in a report on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company's stock. According to MarketBeat, CyberArk Software presently has an average rating of "Moderate Buy" and an average price target of $339.22.

CyberArk Software Price Performance

The stock has a market cap of $14.52 billion, a PE ratio of 1,233.93 and a beta of 1.13. The business has a 50 day moving average price of $308.53 and a two-hundred day moving average price of $285.13.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Oddo BHF Asset Management Sas purchased a new position in shares of CyberArk Software during the third quarter valued at approximately $1,135,000. Wilmington Savings Fund Society FSB bought a new stake in CyberArk Software in the third quarter valued at $144,000. TT International Asset Management LTD purchased a new position in CyberArk Software during the 3rd quarter valued at $3,224,000. Coldstream Capital Management Inc. raised its holdings in CyberArk Software by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock worth $359,000 after purchasing an additional 42 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of CyberArk Software by 4.1% in the 3rd quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company's stock worth $108,020,000 after purchasing an additional 14,724 shares during the period. Hedge funds and other institutional investors 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.