CyberArk Software (NASDAQ:CYBR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

CyberArk Software (NASDAQ:CYBR) had its target price lifted by equities research analysts at Stifel Nicolaus from $370.00 to $444.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 9.39% from the company’s previous close.

A number of other analysts have also commented on CYBR. JMP Securities lifted their target price on shares of CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a report on Friday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $415.00 target price on shares of CyberArk Software in a report on Monday, January 27th. Needham & Company LLC boosted their price target on shares of CyberArk Software from $360.00 to $410.00 and gave the company a “buy” rating in a report on Thursday, January 9th. Citigroup boosted their price target on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a report on Friday, January 17th. Finally, Robert W. Baird boosted their price target 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. Two equities research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $395.74.

CyberArk Software Stock Down 2.0 %

CYBR stock traded down $8.41 during trading on Friday, hitting $405.91. The company had a trading volume of 325,027 shares, compared to its average volume of 539,855. The firm has a 50-day moving average price of $346.11 and a 200-day moving average price of $306.73. CyberArk Software has a 12 month low of $223.09 and a 12 month high of $419.49. The stock has a market cap of $17.69 billion, a price-to-earnings ratio of 1,503.51 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share 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%. Equities analysts expect that CyberArk Software will post -0.58 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

A number of institutional investors and hedge funds have recently modified their holdings of the company. Cartenna Capital LP raised its holdings in shares of CyberArk Software by 139.3% in the 4th quarter. Cartenna Capital LP now owns 221,383 shares of the technology company’s stock valued at $73,754,000 after purchasing an additional 128,883 shares during the period. Coppell Advisory Solutions LLC grew its stake in CyberArk Software by 325.7% in the 4th quarter. Coppell Advisory Solutions LLC now owns 149 shares of the technology company’s stock valued at $48,000 after buying an additional 114 shares during the last quarter. Hood River Capital Management LLC grew its stake in CyberArk Software by 0.4% in the 4th quarter. Hood River Capital Management LLC now owns 252,975 shares of the technology company’s stock valued at $84,279,000 after buying an additional 1,050 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in CyberArk Software in the 4th quarter valued at about $225,000. Finally, Quantessence Capital LLC acquired a new position in CyberArk Software in the 4th quarter valued at about $685,000. 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.