CyberArk Software (NASDAQ:CYBR) Stock Price Expected to Rise, Stifel Nicolaus Analyst Says

CyberArk Software (NASDAQ:CYBR) had its target price increased by Stifel Nicolaus from $306.00 to $335.00 in a report released on Thursday morning,Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

A number of other brokerages have also recently issued reports on CYBR. UBS Group lifted their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday. JMP Securities lifted their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research report on Thursday. Scotiabank initiated coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price for the company. Wedbush lifted their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. Finally, Barclays lifted their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat.com, CyberArk Software presently has an average rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Up 1.3 %

Shares of NASDAQ CYBR opened at $305.27 on Thursday. CyberArk Software has a 52 week low of $183.28 and a 52 week high of $318.16. The firm has a 50-day moving average price of $285.06 and a 200 day moving average price of $267.28. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 1,130.63 and a beta of 1.13.

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 the consensus estimate 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 analysts’ expectations of $234.10 million. During the same quarter last year, the business earned ($0.31) earnings per share. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. Equities research analysts expect that CyberArk Software will post -0.99 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Several institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. bought a new stake in CyberArk Software during the second quarter valued at $27,000. ORG Partners LLC bought a new stake in CyberArk Software during the second quarter valued at $33,000. 1620 Investment Advisors Inc. bought a new stake in CyberArk Software during the second quarter valued at $39,000. Assetmark Inc. increased its stake in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the last quarter. Finally, Arcadia Investment Management Corp MI increased its stake in CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the last quarter. 91.84% of the stock is 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.