CyberArk Software (NASDAQ:CYBR) Price Target Raised to $425.00

CyberArk Software (NASDAQ:CYBR) had its price target lifted by Wells Fargo & Company from $410.00 to $425.00 in a research note released on Monday,Benzinga reports. They currently have an overweight rating on the technology company’s stock.

CYBR has been the topic of several other research reports. Royal Bank of Canada lifted their price objective on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a report on Tuesday, January 21st. Piper Sandler raised their price target on shares of CyberArk Software from $345.00 to $380.00 and gave the stock an “overweight” rating in a report on Monday, January 6th. Wedbush increased their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a report on Tuesday, October 1st. JMP Securities reaffirmed a “market outperform” rating and set a $360.00 price target on shares of CyberArk Software in a research report on Tuesday, January 14th. Finally, Truist Financial reissued a “buy” rating and set a $350.00 target price (up from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, CyberArk Software has an average rating of “Moderate Buy” and an average price target of $363.56.

CyberArk Software Price Performance

Shares of NASDAQ:CYBR opened at $368.52 on Monday. CyberArk Software has a one year low of $223.09 and a one year high of $376.61. The firm has a fifty day moving average price of $332.21 and a two-hundred day moving average price of $297.43. The company has a market cap of $16.06 billion, a price-to-earnings ratio of 1,364.94 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results 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 net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the prior year, the firm earned ($0.31) EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. Equities research analysts expect that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Large investors have recently added to or reduced their stakes in the business. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software during the 4th quarter worth $25,000. Assetmark Inc. increased its holdings in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Brown Lisle Cummings Inc. bought a new stake in CyberArk Software during the 4th quarter worth approximately $50,000. Transcendent Capital Group LLC purchased a new position in CyberArk Software during the third quarter valued at approximately $51,000. Finally, Kieckhefer Group LLC purchased a new stake in CyberArk Software in the 4th quarter worth $67,000. 91.84% of the stock is currently owned by institutional investors.

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.