CyberArk Software (NASDAQ:CYBR) PT Raised to $325.00 at Mizuho

CyberArk Software (NASDAQ:CYBR) had its price target raised by investment analysts at Mizuho from $310.00 to $325.00 in a report issued on Thursday, Benzinga reports. The firm currently has an “outperform” rating on the technology company’s stock. Mizuho’s price target suggests a potential upside of 10.48% from the company’s previous close.

Several other equities research analysts also recently issued reports on CYBR. Wedbush raised their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Jefferies Financial Group lifted their price target on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Citigroup upped their price objective on CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 9th. Guggenheim reissued a “buy” rating and set a $300.00 target price on shares of CyberArk Software in a report on Tuesday, June 25th. Finally, DA Davidson upped their price target on shares of CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $298.44.

CyberArk Software Trading Up 0.4 %

Shares of NASDAQ CYBR opened at $294.16 on Thursday. The company has a market capitalization of $12.43 billion, a P/E ratio of -459.63 and a beta of 1.12. CyberArk Software has a 12 month low of $154.76 and a 12 month high of $299.50. The stock has a 50 day moving average of $279.06 and a 200-day moving average of $260.61.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The company’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.58) earnings per share. Analysts predict that CyberArk Software will post -1.06 EPS for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

A number of institutional investors have recently modified their holdings of CYBR. Montag A & Associates Inc. bought a new position in shares of CyberArk Software during the 1st quarter worth approximately $27,000. Mather Group LLC. bought a new stake in shares of CyberArk Software in the 2nd quarter worth $27,000. ORG Partners LLC bought a new stake in CyberArk Software in the 2nd quarter worth about $33,000. 1620 Investment Advisors Inc. purchased a new stake in shares of CyberArk Software during the second quarter valued at approximately $39,000. Finally, Arcadia Investment Management Corp MI increased its position in shares of CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the last quarter. 91.84% of the stock is 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.