Analysts Set CyberArk Software Ltd. (NASDAQ:CYBR) Price Target at $299.64

CyberArk Software Ltd. (NASDAQ:CYBR) has earned an average rating of “Moderate Buy” from the twenty-six research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and twenty-five have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $305.04.

Several research analysts have recently commented on the company. Jefferies Financial Group lifted their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. Royal Bank of Canada initiated coverage on CyberArk Software in a report on Friday, September 20th. They set an “outperform” rating and a $328.00 price target on the stock. Mizuho boosted their price target on CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. BTIG Research boosted their price target on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Finally, Scotiabank initiated coverage on CyberArk Software in a report on Monday. They set a “sector outperform” rating and a $340.00 price target on the stock.

CyberArk Software Trading Down 3.5 %

CYBR opened at $288.94 on Friday. The company has a market cap of $12.21 billion, a P/E ratio of -451.47 and a beta of 1.12. The business’s 50-day moving average price is $281.63 and its 200-day moving average price is $261.87. CyberArk Software has a 12 month low of $154.76 and a 12 month high of $308.63.

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 the consensus estimate of $0.40 by $0.14. The firm had revenue of $224.71 million for the quarter, compared to the consensus estimate of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The company’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. Equities research analysts forecast that CyberArk Software will post -1.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. RGM Capital LLC lifted its position in CyberArk Software by 2.1% in the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock valued at $222,599,000 after acquiring an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC lifted its position in CyberArk Software by 21.6% in the 1st quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock valued at $122,144,000 after acquiring an additional 81,801 shares in the last quarter. Swedbank AB lifted its position in CyberArk Software by 11.1% in the 3rd quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock valued at $133,528,000 after acquiring an additional 45,799 shares in the last quarter. Acadian Asset Management LLC raised its stake in CyberArk Software by 38.2% during the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock valued at $107,642,000 after buying an additional 112,112 shares during the last quarter. Finally, 1832 Asset Management L.P. raised its stake in CyberArk Software by 1,291.7% during the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock valued at $102,630,000 after buying an additional 358,602 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.