Rosenblatt Securities Issues Positive Forecast for CyberArk Software (NASDAQ:CYBR) Stock Price

CyberArk Software (NASDAQ:CYBR) had its price target lifted by research analysts at Rosenblatt Securities from $415.00 to $445.00 in a research report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ price target would indicate a potential upside of 7.41% from the company’s current price.

Other analysts have also issued research reports about the stock. Royal Bank of Canada raised their price target on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st. DA Davidson lifted their target price on CyberArk Software from $360.00 to $390.00 and gave the company a “buy” rating in a research note on Friday, January 3rd. UBS Group upped their price target on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. lifted their price objective on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday. Finally, Mizuho upped their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $379.33.

CyberArk Software Stock Performance

CyberArk Software stock opened at $414.31 on Friday. The business’s fifty day moving average is $344.38 and its two-hundred day moving average is $305.97. The firm has a market cap of $18.05 billion, a P/E ratio of 1,534.54 and a beta of 1.15. CyberArk Software has a 52 week low of $223.09 and a 52 week high of $418.49.

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

Institutional Trading of CyberArk Software

Several hedge funds have recently bought and sold shares of the stock. HighTower Advisors LLC increased its position in shares of CyberArk Software by 16.6% during the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after acquiring an additional 2,062 shares in the last quarter. Groupama Asset Managment lifted its position in CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares in the last quarter. Jennison Associates LLC boosted its position in shares of CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after buying an additional 9,570 shares during the period. Public Employees Retirement System of Ohio acquired a new position in CyberArk Software during the 3rd quarter worth approximately $8,612,000. Finally, International Assets Investment Management LLC bought a new position in CyberArk Software in the third quarter valued at $82,485,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.