CyberArk Software (NASDAQ:CYBR - Get Free Report) had its price objective increased by equities research analysts at BTIG Research from $310.00 to $325.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. BTIG Research's price objective indicates a potential upside of 14.02% from the stock's current price.
Other analysts have also issued reports about the company. Rosenblatt Securities restated a "buy" rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Tuesday, August 6th. Royal Bank of Canada started coverage on CyberArk Software in a research note on Friday, September 20th. They issued an "outperform" rating and a $328.00 target price on the stock. Cantor Fitzgerald restated an "overweight" rating and issued a $300.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. Susquehanna boosted their target price on CyberArk Software from $310.00 to $320.00 and gave the company a "positive" rating in a research note on Friday, August 9th. Finally, Robert W. Baird boosted their target price on CyberArk Software from $295.00 to $315.00 and gave the company an "outperform" rating in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, CyberArk Software currently has a consensus rating of "Moderate Buy" and an average target price of $297.84.
Check Out Our Latest Research Report on CyberArk Software
CYBR stock traded up $2.62 during midday trading on Wednesday, hitting $285.03. The company's stock had a trading volume of 154,968 shares, compared to its average volume of 527,978. The stock's 50-day moving average price is $273.58 and its 200 day moving average price is $259.37. CyberArk Software has a 1 year low of $154.76 and a 1 year high of $294.89. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of -445.36 and a beta of 1.12.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. The business had revenue of $224.71 million for the quarter, compared to analysts' expectations of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business's revenue was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.58) earnings per share. As a group, equities analysts forecast that CyberArk Software will post -1.06 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Montag A & Associates Inc. purchased a new position in shares of CyberArk Software in the 1st quarter worth about $27,000. Mather Group LLC. purchased a new position in shares of CyberArk Software in the 2nd quarter worth about $27,000. ORG Partners LLC purchased a new position in shares of CyberArk Software in the 2nd quarter worth about $33,000. 1620 Investment Advisors Inc. purchased a new position in shares of CyberArk Software in the 2nd quarter worth about $39,000. Finally, Arcadia Investment Management Corp MI boosted its holdings in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company's stock worth $50,000 after purchasing an additional 54 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.
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.
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