CyberArk Software (NASDAQ:CYBR) Price Target Raised to $444.00 at Stifel Nicolaus

CyberArk Software (NASDAQ:CYBR) had its price objective increased by Stifel Nicolaus from $370.00 to $444.00 in a research note issued to investors on Friday morning,Benzinga reports. The brokerage currently has a buy rating on the technology company’s stock.

CYBR has been the subject of several other reports. Morgan Stanley increased their price objective on CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a research note on Friday. Robert W. Baird increased their price objective on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research note on Tuesday, December 17th. Piper Sandler increased their price objective on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. Wells Fargo & Company raised their target price on CyberArk Software from $410.00 to $425.00 and gave the stock an “overweight” rating in a research note on Monday, January 27th. Finally, StockNews.com downgraded CyberArk Software from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $401.67.

CyberArk Software Price Performance

Shares of CYBR stock opened at $413.31 on Friday. The company has a market cap of $18.01 billion, a price-to-earnings ratio of 1,530.83 and a beta of 1.15. The stock has a 50 day simple moving average of $346.11 and a 200-day simple moving average of $306.73. CyberArk Software has a 1-year low of $223.09 and a 1-year high of $419.49.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. Analysts anticipate that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds and other institutional investors have recently bought and sold shares of CYBR. Thurston Springer Miller Herd & Titak Inc. purchased a new position in CyberArk Software during the 4th quarter valued at about $25,000. TD Private Client Wealth LLC boosted its holdings in CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after acquiring an additional 34 shares during the period. Assetmark Inc. boosted its holdings in 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 acquiring an additional 123 shares during the period. Plato Investment Management Ltd purchased a new position in CyberArk Software during the 4th quarter valued at about $39,000. Finally, Graney & King LLC purchased a new position in CyberArk Software during the 4th quarter valued at about $43,000. 91.84% of the stock is currently owned by hedge funds and other 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.