CyberArk Software (NASDAQ:CYBR) Price Target Raised to $355.00 at Robert W. Baird

CyberArk Software (NASDAQ:CYBR) had its price target boosted by analysts at Robert W. Baird from $315.00 to $355.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s price target indicates a potential upside of 22.86% from the stock’s current price.

Several other analysts also recently weighed in on CYBR. DA Davidson lifted their price objective on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 9th. Barclays boosted their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, October 7th. BTIG Research increased their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Jefferies Financial Group boosted their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Susquehanna upped their target price on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a report on Friday, August 9th. One analyst has rated the stock with a hold rating and twenty-five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $306.58.

CyberArk Software Price Performance

Shares of CYBR stock opened at $288.94 on Thursday. The company has a market capitalization of $12.21 billion, a P/E ratio of -451.47 and a beta of 1.12. The company’s 50-day simple moving average is $281.63 and its two-hundred day simple moving average is $261.87. CyberArk Software has a one year low of $154.76 and a one year high of $308.63.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.14. The firm had revenue of $224.71 million during the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. CyberArk Software’s quarterly revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.58) earnings per share. On average, research analysts expect that CyberArk Software will post -1.06 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Several large investors have recently added to or reduced their stakes in CYBR. Montag A & Associates Inc. purchased a new stake in CyberArk Software in the first quarter valued at approximately $27,000. Mather Group LLC. purchased a new position in shares of CyberArk Software during the second quarter worth $27,000. ORG Partners LLC acquired a new position in CyberArk Software during the second quarter valued at $33,000. 1620 Investment Advisors Inc. purchased a new stake in CyberArk Software in the second quarter valued at $39,000. Finally, Arcadia Investment Management Corp MI grew its position in CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after purchasing an additional 54 shares during the period. Hedge funds and other institutional investors 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.