CyberArk Software (NASDAQ:CYBR) Price Target Raised to $330.00 at Canaccord Genuity Group

CyberArk Software (NASDAQ:CYBR) had its price target lifted by Canaccord Genuity Group from $310.00 to $330.00 in a report issued on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

CYBR has been the subject of a number of other research reports. Oppenheimer boosted their price target on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Susquehanna raised 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. BTIG Research lifted their target price on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Robert W. Baird lifted their target price on CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a report on Thursday, October 24th. Finally, Stifel Nicolaus lifted their target price on CyberArk Software from $306.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $328.37.

CyberArk Software Stock Performance

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

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping 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 company had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the previous year, the firm posted ($0.31) EPS. The firm’s quarterly revenue was up 25.6% on a year-over-year basis. Equities research analysts predict that CyberArk Software will post -0.99 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Institutional investors have recently bought and sold shares of the business. Mather Group LLC. acquired a new stake in shares of CyberArk Software during the 2nd quarter valued at about $27,000. ORG Partners LLC acquired a new stake in shares of CyberArk Software during the 2nd quarter valued at about $33,000. 1620 Investment Advisors Inc. acquired a new stake in shares of CyberArk Software during the 2nd quarter valued at about $39,000. Assetmark Inc. lifted its holdings 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 last quarter. Finally, Arcadia Investment Management Corp MI lifted its holdings in shares of CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares during the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.