CyberArk Software (NASDAQ:CYBR) Given New $360.00 Price Target at JMP Securities

CyberArk Software (NASDAQ:CYBR) had its target price raised by JMP Securities from $310.00 to $360.00 in a report published on Thursday morning,Benzinga reports. JMP Securities currently has a market outperform rating on the technology company’s stock.

Several other research analysts have also recently issued reports on the company. BTIG Research increased their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. Jefferies Financial Group increased their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a report on Tuesday, September 24th. Citigroup boosted their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Mizuho increased their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the company an “outperform” rating in a report on Thursday, October 17th. Finally, Scotiabank assumed coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target for the company. One research analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $305.27 on Thursday. CyberArk Software has a one year low of $183.28 and a one year high of $318.16. The company has a market cap of $13.30 billion, a P/E ratio of 1,130.63 and a beta of 1.13. The firm has a fifty day moving average of $285.06 and a two-hundred day moving average of $267.28.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. During the same quarter last year, the firm earned ($0.31) earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. As a group, equities analysts predict that CyberArk Software will post -0.99 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of CYBR. Mather Group LLC. purchased a new stake in CyberArk Software in the second quarter valued at approximately $27,000. ORG Partners LLC acquired a new position in shares of CyberArk Software in the 2nd quarter valued at $33,000. 1620 Investment Advisors Inc. acquired a new position in shares of CyberArk Software in the 2nd quarter valued at $39,000. Assetmark Inc. grew its stake in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares during the period. Finally, Arcadia Investment Management Corp MI raised its position in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after buying an additional 54 shares during the period. Institutional investors and hedge funds own 91.84% of the company’s stock.

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.