CyberArk Software (NASDAQ:CYBR) Price Target Raised to $335.00

CyberArk Software (NASDAQ:CYBR) had its price objective raised by Barclays from $330.00 to $335.00 in a research note published on Thursday,Benzinga reports. The brokerage currently has an overweight rating on the technology company’s stock.

Other equities analysts have also issued reports about the company. Susquehanna raised their price target on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday. Oppenheimer raised their price target on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd. Piper Sandler raised their price target on CyberArk Software from $300.00 to $345.00 and gave the stock an “overweight” rating in a report on Thursday. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Tuesday, August 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a report on Friday, August 9th. One research 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 has a consensus rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Trading Up 1.3 %

Shares of NASDAQ CYBR opened at $305.27 on Thursday. The stock has a fifty day simple moving average of $285.06 and a two-hundred day simple moving average of $267.28. CyberArk Software has a 1-year low of $183.28 and a 1-year high of $318.16. The firm has a market cap 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 earnings per share for the quarter, beating the consensus estimate of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same period in the prior year, the company earned ($0.31) earnings per share. CyberArk Software’s revenue was up 25.6% compared to the same quarter last year. Analysts forecast that CyberArk Software will post -0.99 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CYBR. Jennison Associates LLC grew its stake in shares of CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after purchasing an additional 9,570 shares during the last quarter. Groupama Asset Managment grew its stake in shares of CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares during the last quarter. RGM Capital LLC grew its stake in shares of CyberArk Software by 2.1% in the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after purchasing an additional 16,530 shares during the last quarter. Whale Rock Capital Management LLC grew its stake in shares of CyberArk Software by 3.3% in the third quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock worth $134,422,000 after purchasing an additional 14,927 shares during the last quarter. Finally, Swedbank AB grew its stake in shares of CyberArk Software by 11.1% in the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after purchasing an additional 45,799 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

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.