By otakuyassine3@gmail.com 
CyberArk Software (NASDAQ:CYBR – Get Free Report) had its price objective boosted by analysts at Stifel Nicolaus from $335.00 to $370.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price objective points to a potential upside of 16.50% from the company’s previous close.
Several other equities analysts have also issued reports on CYBR. JPMorgan Chase & Co. upped their price target on CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday. Susquehanna increased their target price on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. StockNews.com raised CyberArk Software from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. KeyCorp increased their target price on CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Canaccord Genuity Group increased their target price on CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $336.41.
Get Our Latest Stock Analysis on CYBR
CyberArk Software Stock Performance
CyberArk Software stock traded down $0.23 on Wednesday, reaching $317.59. The company’s stock had a trading volume of 112,131 shares, compared to its average volume of 514,946. The company has a market cap of $13.84 billion, a price-to-earnings ratio of 1,176.26 and a beta of 1.13. The business’s fifty day moving average price is $304.41 and its 200 day moving average price is $280.31. CyberArk Software has a twelve month low of $205.59 and a twelve month high of $333.32.
CyberArk Software (NASDAQ:CYBR – Get Free Report) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the prior year, the firm posted ($0.31) earnings per share. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, equities analysts forecast that CyberArk Software will post -0.58 earnings per share for the current year.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of CYBR. International Assets Investment Management LLC bought a new position in CyberArk Software in the third quarter valued at approximately $82,485,000. Anomaly Capital Management LP bought a new position in CyberArk Software in the second quarter valued at approximately $49,145,000. Clearbridge Investments LLC grew its stake in CyberArk Software by 250.0% in the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after purchasing an additional 160,269 shares in the last quarter. Hood River Capital Management LLC grew its stake in CyberArk Software by 59.2% in the second quarter. Hood River Capital Management LLC now owns 223,584 shares of the technology company’s stock valued at $61,132,000 after purchasing an additional 83,172 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its stake in CyberArk Software by 89.2% in the second quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock valued at $45,745,000 after purchasing an additional 78,887 shares in the last quarter. 91.84% of the stock is currently 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.
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