Shares of CyberArk Software Ltd. (NASDAQ:CYBR – Get Free Report) hit a new 52-week high during trading on Tuesday after Truist Financial raised their price target on the stock from $350.00 to $385.00. Truist Financial currently has a buy rating on the stock. CyberArk Software traded as high as $373.44 and last traded at $370.55, with a volume of 94273 shares trading hands. The stock had previously closed at $359.46.
CYBR has been the subject of a number of other reports. Scotiabank lifted their price target on CyberArk Software from $340.00 to $400.00 and gave the stock a “sector outperform” rating in a research note on Tuesday, January 21st. Morgan Stanley reiterated an “equal weight” rating and issued a $316.00 price target on shares of CyberArk Software in a report on Tuesday, December 31st. Cantor Fitzgerald reissued an “overweight” rating and set a $415.00 price target on shares of CyberArk Software in a research report on Monday. Robert W. Baird lifted their price objective on shares of CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a report on Tuesday, December 17th. Finally, Canaccord Genuity Group increased their target price on shares of CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. Based on data from MarketBeat, CyberArk Software currently has an average rating of “Moderate Buy” and an average target price of $363.56.
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CyberArk Software Stock Down 1.9 %
The company has a market capitalization of $16.06 billion, a P/E ratio of 1,364.94 and a beta of 1.13. The business has a fifty day moving average price of $332.21 and a 200 day moving average price of $297.43.
CyberArk Software (NASDAQ:CYBR – Get Free Report) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the company earned ($0.31) EPS. As a group, equities analysts forecast that CyberArk Software Ltd. will post -0.58 earnings per share for the current year.
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.
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