CyberArk Software (NASDAQ:CYBR) Stock Price Up 3.9% – Here’s What Happened

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

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on CYBR shares. Barclays lifted their price target on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Susquehanna boosted their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Wedbush raised their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. UBS Group lifted their price objective on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Finally, Robert W. Baird upped their target price 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. One equities research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $339.22.

CyberArk Software Trading Up 4.5 %

The business’s 50-day moving average is $308.53 and its two-hundred day moving average is $285.13. The firm has a market cap of $14.55 billion, a P/E ratio of 1,236.90 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share 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 firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same period in the prior year, the firm posted ($0.31) earnings per share. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. On average, analysts anticipate that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.

Institutional Trading of CyberArk Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Oddo BHF Asset Management Sas acquired a new stake in shares of CyberArk Software during the 3rd quarter valued at about $1,135,000. Wilmington Savings Fund Society FSB bought a new position in CyberArk Software in the 3rd quarter valued at $144,000. TT International Asset Management LTD bought a new stake in CyberArk Software during the 3rd quarter worth about $3,224,000. Coldstream Capital Management Inc. raised its stake in shares of CyberArk Software by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after buying an additional 42 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake 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 valued at $108,020,000 after purchasing an additional 14,724 shares during the period. Institutional investors and hedge funds 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.