CyberArk Software (NASDAQ:CYBR) Given New $315.00 Price Target at Barclays

CyberArk Software (NASDAQ:CYBR) had its price objective boosted by Barclays from $280.00 to $315.00 in a research report sent to investors on Thursday morning, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other analysts have also recently issued reports on the stock. Cantor Fitzgerald reaffirmed an overweight rating and issued a $300.00 price target on shares of CyberArk Software in a report on Friday, June 21st. Guggenheim reissued a buy rating and set a $300.00 target price on shares of CyberArk Software in a report on Tuesday, June 25th. DA Davidson increased their target price on shares of CyberArk Software from $275.00 to $285.00 and gave the stock a buy rating in a report on Wednesday, May 22nd. Wedbush reissued an outperform rating and set a $285.00 target price on shares of CyberArk Software in a report on Friday, May 3rd. Finally, Bank of America reissued a buy rating and set a $315.00 target price on shares of CyberArk Software in a report on Wednesday, April 24th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Moderate Buy and a consensus target price of $280.63.

CyberArk Software Price Performance

CYBR opened at $269.91 on Thursday. The stock has a market capitalization of $11.41 billion, a PE ratio of -421.73 and a beta of 1.14. The firm’s fifty day moving average price is $250.38 and its 200 day moving average price is $247.81. CyberArk Software has a 12-month low of $142.92 and a 12-month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.67. The firm had revenue of $221.55 million for the quarter, compared to analysts’ expectations of $213.42 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. On average, equities research analysts forecast that CyberArk Software will post -1.24 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Institutional investors and hedge funds have recently bought and sold shares of the stock. Montag A & Associates Inc. bought a new position in CyberArk Software in the 1st quarter valued at about $27,000. Mather Group LLC. bought a new position in CyberArk Software in the 2nd quarter valued at about $27,000. Arcadia Investment Management Corp MI bought a new position in CyberArk Software in the 1st quarter valued at about $34,000. Blue Bell Private Wealth Management LLC bought a new position in shares of CyberArk Software during the 1st quarter valued at about $34,000. Finally, FinTrust Capital Advisors LLC bought a new position in shares of CyberArk Software during the 4th quarter valued at about $34,000. Institutional investors own 91.84% of the company’s stock.

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.