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

CyberArk Software (NASDAQ:CYBR) had its price objective raised by Cantor Fitzgerald from $300.00 to $335.00 in a report published on Tuesday morning, Benzinga reports. Cantor Fitzgerald currently has an overweight rating on the technology company’s stock.

A number of other brokerages have also commented on CYBR. Oppenheimer upped their price objective on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a report on Tuesday, October 22nd. Jefferies Financial Group upped their price target on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. Robert W. Baird raised their price target on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Rosenblatt Securities reissued a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Tuesday, August 6th. Finally, Royal Bank of Canada started coverage on shares of CyberArk Software in a report on Friday, September 20th. They set an “outperform” rating and a $328.00 target price on the stock. One investment analyst has rated the stock with a hold rating and twenty-five have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $307.92.

CyberArk Software Price Performance

Shares of CYBR opened at $276.52 on Tuesday. The company’s 50-day moving average is $282.35 and its 200-day moving average is $263.12. The firm has a market capitalization of $12.05 billion, a PE ratio of -864.13 and a beta of 1.12. CyberArk Software has a fifty-two week low of $156.78 and a fifty-two week high of $308.63.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative net margin of 1.53% and a negative return on equity of 0.21%. The firm had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. During the same period in the prior year, the firm earned ($0.58) EPS. The business’s revenue was up 27.8% on a year-over-year basis. Analysts predict that CyberArk Software will post -1.06 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. RGM Capital LLC boosted its holdings in shares of CyberArk Software by 2.1% during the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock valued at $222,599,000 after acquiring an additional 16,530 shares in the last quarter. Whale Rock Capital Management LLC grew its holdings in shares of CyberArk Software by 21.6% during the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after purchasing an additional 81,801 shares during the last quarter. Swedbank AB increased 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 valued at $133,528,000 after buying an additional 45,799 shares during the period. Acadian Asset Management LLC raised its holdings in CyberArk Software by 38.2% in the 1st quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock valued at $107,642,000 after buying an additional 112,112 shares during the last quarter. Finally, 1832 Asset Management L.P. boosted its position in CyberArk Software by 1,291.7% during the 1st quarter. 1832 Asset Management L.P. now owns 386,365 shares of the technology company’s stock worth $102,630,000 after buying an additional 358,602 shares during the period. 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.