Research Analysts’ Weekly Ratings Changes for CyberArk Software (CYBR)

Several brokerages have updated their recommendations and price targets on shares of CyberArk Software (NASDAQ: CYBR) in the last few weeks:

• 12/17/2024 – CyberArk Software had its price target raised by analysts at Robert W. Baird from $355.00 to $370.00. They now have an “outperform” rating on the stock.
• 12/16/2024 – CyberArk Software had its price target raised by analysts at JPMorgan Chase & Co. from $355.00 to $375.00. They now have an “overweight” rating on the stock.
• 12/13/2024 – CyberArk Software had its price target raised by analysts at Mizuho from $345.00 to $365.00. They now have an “outperform” rating on the stock.
• 12/9/2024 – CyberArk Software was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Susquehanna from $320.00 to $345.00. They now have a “positive” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Wells Fargo & Company from $300.00 to $350.00. They now have an “overweight” rating on the stock.
• 11/14/2024 – CyberArk Software had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $335.00 price target on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Barclays PLC from $330.00 to $335.00. They now have an “overweight” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Piper Sandler from $300.00 to $345.00. They now have an “overweight” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at KeyCorp from $340.00 to $355.00. They now have an “overweight” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Royal Bank of Canada from $328.00 to $358.00. They now have an “outperform” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at JMP Securities from $310.00 to $360.00. They now have a “market outperform” rating on the stock.
• 11/14/2024 – CyberArk Software had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $350.00 price target on the stock, up previously from $300.00.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Canaccord Genuity Group Inc. from $310.00 to $330.00. They now have a “buy” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Stifel Nicolaus from $306.00 to $335.00. They now have a “buy” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at UBS Group AG from $340.00 to $360.00. They now have a “buy” rating on the stock.
• 11/4/2024 – CyberArk Software had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $310.00 price target on the stock.
• 10/29/2024 – CyberArk Software had its price target raised by analysts at Cantor Fitzgerald from $300.00 to $335.00. They now have an “overweight” rating on the stock.
• 10/24/2024 – CyberArk Software had its price target raised by analysts at Robert W. Baird from $315.00 to $355.00. They now have an “outperform” rating on the stock.
• 10/22/2024 – CyberArk Software had its price target raised by analysts at Oppenheimer Holdings Inc. from $310.00 to $360.00. They now have an “outperform” rating on the stock.
• 10/21/2024 – CyberArk Software is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $340.00 price target on the stock.

CyberArk Software Price Performance

CyberArk Software stock opened at $317.82 on Wednesday. The stock has a market capitalization of $13.85 billion, a P/E ratio of 1,177.11 and a beta of 1.13. CyberArk Software Ltd. has a 12-month low of $205.59 and a 12-month high of $333.32. The firm’s 50-day moving average is $303.70 and its two-hundred day moving average is $279.68.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter in the previous year, the business earned ($0.31) earnings per share. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. As a group, analysts forecast that CyberArk Software Ltd. will post -0.58 EPS for the current year.

Institutional Trading of CyberArk Software

Several hedge funds have recently added to or reduced their stakes in CYBR. Ensign Peak Advisors Inc acquired a new position in shares of CyberArk Software in the 2nd quarter worth $711,000. HighTower Advisors LLC lifted its holdings in CyberArk Software by 16.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after purchasing an additional 2,062 shares during the last quarter. Sycomore Asset Management lifted its holdings in CyberArk Software by 36.6% in the 2nd quarter. Sycomore Asset Management now owns 60,781 shares of the technology company’s stock worth $15,973,000 after purchasing an additional 16,294 shares during the last quarter. Jennison Associates LLC grew its holdings in CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after purchasing an additional 9,570 shares during the last quarter. Finally, Groupama Asset Managment lifted its stake in shares of CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after buying an additional 5,402 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

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.