Stifel Nicolaus Issues Positive Forecast for CyberArk Software (NASDAQ:CYBR) Stock Price

CyberArk Software (NASDAQ:CYBR - Free Report) had its price target lifted by Stifel Nicolaus from $335.00 to $370.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the technology company's stock.

CYBR has been the subject of several other reports. Royal Bank of Canada upped their price objective on CyberArk Software from $328.00 to $358.00 and gave the stock an "outperform" rating in a research report on Thursday, November 14th. StockNews.com raised CyberArk Software from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Scotiabank assumed coverage on shares of CyberArk Software in a report on Monday, October 21st. They issued a "sector outperform" rating and a $340.00 price objective on the stock. Canaccord Genuity Group increased their target price on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a "buy" rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group raised their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the company a "buy" rating in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $336.41.

CyberArk Software Stock Performance

NASDAQ:CYBR traded down $12.74 during mid-day trading on Wednesday, hitting $305.08. The company had a trading volume of 418,115 shares, compared to its average volume of 516,268. The firm has a market cap of $13.29 billion, a P/E ratio of 1,129.97 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 business's fifty day moving average is $304.74 and its two-hundred day moving average is $280.48.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS 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 firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter in the prior year, the firm earned ($0.31) earnings per share. The business's quarterly revenue was up 25.6% on a year-over-year basis. Equities analysts forecast that CyberArk Software will post -0.58 earnings per share for the current year.

Institutional Trading of CyberArk Software

A number of hedge funds have recently made changes to their positions in CYBR. Oddo BHF Asset Management Sas acquired a new position in shares of CyberArk Software during the third quarter worth $1,135,000. Wilmington Savings Fund Society FSB acquired a new position in CyberArk Software during the 3rd quarter worth about $144,000. TT International Asset Management LTD bought a new stake in shares of CyberArk Software in the 3rd quarter valued at about $3,224,000. Coldstream Capital Management Inc. increased its stake in shares of CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company's stock valued at $359,000 after buying an additional 42 shares during the period. Finally, Geode Capital Management LLC raised its position in shares of CyberArk Software by 4.1% during the third quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company's stock worth $108,020,000 after acquiring an additional 14,724 shares during the last quarter. 91.84% of the stock is 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.