CyberArk Software (NASDAQ:CYBR) Price Target Increased to $325.00 by Analysts at BTIG Research

CyberArk Software (NASDAQ:CYBR) had its price objective raised by BTIG Research from $310.00 to $325.00 in a report published on Wednesday morning, Benzinga reports. BTIG Research currently has a buy rating on the technology company’s stock.

A number of other equities analysts have also commented on CYBR. Wedbush raised their price target on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an outperform rating in a research report on Tuesday, October 1st. DA Davidson raised their target price on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a buy rating in a report on Friday, August 9th. Royal Bank of Canada started coverage on CyberArk Software in a research note on Friday, September 20th. They issued an outperform rating and a $328.00 price target for the company. Rosenblatt Securities restated a buy rating and set a $310.00 price objective on shares of CyberArk Software in a research note on Tuesday, August 6th. Finally, Cantor Fitzgerald reiterated an overweight rating and set a $300.00 target price on shares of CyberArk Software in a research report on Friday, August 9th. One equities research analyst has rated the stock with a hold rating and twenty-four have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $297.84.

CyberArk Software Price Performance

Shares of CYBR opened at $295.30 on Wednesday. The company’s 50-day moving average is $275.98 and its 200-day moving average is $260.02. The firm has a market capitalization of $12.48 billion, a PE ratio of -461.41 and a beta of 1.12. CyberArk Software has a fifty-two week low of $154.76 and a fifty-two week high of $299.03.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. The firm had revenue of $224.71 million during the quarter, compared to the consensus estimate of $219.06 million. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same period last year, the business posted ($0.58) earnings per share. Analysts predict that CyberArk Software will post -1.06 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

Several hedge funds and other institutional investors have recently made changes to their positions in CYBR. First Dallas Securities Inc. boosted its position in CyberArk Software by 3.2% during the 1st quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock worth $425,000 after buying an additional 50 shares during the period. Arcadia Investment Management Corp MI increased its holdings in CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the period. Juncture Wealth Strategies LLC raised its position in CyberArk Software by 2.1% during the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock worth $825,000 after purchasing an additional 57 shares during the last quarter. Legato Capital Management LLC lifted its holdings in CyberArk Software by 3.7% during the 2nd quarter. Legato Capital Management LLC now owns 1,940 shares of the technology company’s stock worth $530,000 after buying an additional 70 shares during the period. Finally, Diversified Trust Co grew its position in shares of CyberArk Software by 3.1% in the 3rd quarter. Diversified Trust Co now owns 2,498 shares of the technology company’s stock valued at $728,000 after buying an additional 76 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors.

About CyberArk Software

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.