CyberArk Software (NASDAQ:CYBR) Earns "Market Outperform" Rating from JMP Securities

CyberArk Software (NASDAQ:CYBR - Get Free Report)'s stock had its "market outperform" rating reissued by JMP Securities in a research report issued on Tuesday,Benzinga reports. They currently have a $360.00 price objective on the technology company's stock. JMP Securities' target price points to a potential upside of 5.41% from the company's current price.

A number of other research analysts also recently issued reports on CYBR. KeyCorp upped their target price on shares of CyberArk Software from $340.00 to $355.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Robert W. Baird increased their price objective on shares of CyberArk Software from $355.00 to $370.00 and gave the company an "outperform" rating in a report on Tuesday, December 17th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $316.00 price objective on shares of CyberArk Software in a research note on Tuesday, December 31st. Mizuho upped their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the company an "outperform" rating in a research report on Friday, December 13th. Finally, Royal Bank of Canada raised their price target on CyberArk Software from $358.00 to $385.00 and gave the stock an "outperform" rating in a research report on Friday, January 3rd. One research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $350.22.

CyberArk Software Price Performance

Shares of CYBR traded up $3.68 on Tuesday, hitting $341.51. The company's stock had a trading volume of 623,773 shares, compared to its average volume of 493,957. The company has a market capitalization of $14.88 billion, a PE ratio of 1,264.90 and a beta of 1.13. CyberArk Software has a fifty-two week low of $221.12 and a fifty-two week high of $348.29. The company has a 50 day moving average price of $320.70 and a 200 day moving average price of $291.34.

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

Hedge Funds Weigh In On CyberArk Software

Several hedge funds have recently made changes to their positions in the business. International Assets Investment Management LLC acquired a new position in CyberArk Software during the third quarter valued at approximately $82,485,000. Anomaly Capital Management LP acquired a new stake in shares of CyberArk Software in the 2nd quarter valued at approximately $49,145,000. Clearbridge Investments LLC grew its stake in shares of CyberArk Software by 250.0% in the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company's stock valued at $61,350,000 after buying an additional 160,269 shares in the last quarter. Hood River Capital Management LLC increased its holdings in CyberArk Software by 59.2% during the second quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company's stock worth $61,132,000 after buying an additional 83,172 shares during the last quarter. Finally, Point72 Asset Management L.P. raised its position in CyberArk Software by 89.2% during the second quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company's stock worth $45,745,000 after acquiring an additional 78,887 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

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.