CyberArk Software (NASDAQ:CYBR) Stock Price Expected to Rise, JMP Securities Analyst Says

CyberArk Software (NASDAQ:CYBR - Free Report) had its target price lifted by JMP Securities from $390.00 to $480.00 in a report issued on Friday,Benzinga reports. They currently have a market outperform rating on the technology company's stock.

Several other analysts have also recently commented on the stock. Needham & Company LLC raised their target price on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a "buy" rating in a research note on Thursday, January 9th. Canaccord Genuity Group raised their price objective on shares of CyberArk Software from $330.00 to $440.00 and gave the company a "buy" rating in a research report on Friday. Scotiabank boosted their target price on CyberArk Software from $340.00 to $400.00 and gave the stock a "sector outperform" rating in a research report on Tuesday, January 21st. Oppenheimer increased their target price on CyberArk Software from $360.00 to $420.00 and gave the stock an "outperform" rating in a research note on Wednesday, February 5th. Finally, Piper Sandler lifted their price target on CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research note on Thursday, February 6th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus target price of $401.67.

CyberArk Software Price Performance

Shares of CYBR traded down $3.55 during midday trading on Friday, reaching $409.76. 840,576 shares of the stock were exchanged, compared to its average volume of 572,654. CyberArk Software has a twelve month low of $223.09 and a twelve month high of $421.00. The company has a market capitalization of $17.85 billion, a price-to-earnings ratio of 1,517.69 and a beta of 1.15. The business's 50-day moving average price is $349.78 and its 200 day moving average price is $309.64.

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

Hedge Funds Weigh In On CyberArk Software

Several institutional investors and hedge funds have recently modified their holdings of CYBR. Continuum Advisory LLC raised its holdings in CyberArk Software by 0.6% in the 4th quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company's stock valued at $2,622,000 after acquiring an additional 48 shares during the last quarter. USS Investment Management Ltd lifted its position in CyberArk Software by 9.2% during the fourth quarter. USS Investment Management Ltd now owns 8,350 shares of the technology company's stock worth $2,784,000 after buying an additional 705 shares during the period. Vident Advisory LLC boosted its stake in CyberArk Software by 31.9% in the 4th quarter. Vident Advisory LLC now owns 54,266 shares of the technology company's stock worth $18,079,000 after buying an additional 13,134 shares during the last quarter. Spyglass Capital Management LLC purchased a new stake in CyberArk Software in the 4th quarter valued at about $38,719,000. Finally, Thoma Bravo L.P. acquired a new position in shares of CyberArk Software during the 4th quarter valued at about $380,637,000. 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.