Weekly Investment Analysts’ Ratings Changes for CyberArk Software (CYBR)

CyberArk Software (NASDAQ: CYBR) recently received a number of ratings updates from brokerages and research firms:

• 11/14/2024 – CyberArk Software had its price target raised by analysts at Susquehanna from $320.00 to $345.00. They now have a “positive” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Wells Fargo & Company from $300.00 to $350.00. They now have an “overweight” rating on the stock.
• 11/14/2024 – CyberArk Software had its “overweight” rating reaffirmed by analysts at Cantor Fitzgerald. They now have a $335.00 price target on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Barclays PLC from $330.00 to $335.00. They now have an “overweight” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Piper Sandler from $300.00 to $345.00. They now have an “overweight” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at KeyCorp from $340.00 to $355.00. They now have an “overweight” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Royal Bank of Canada from $328.00 to $358.00. They now have an “outperform” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at JMP Securities from $310.00 to $360.00. They now have a “market outperform” rating on the stock.
• 11/14/2024 – CyberArk Software had its “buy” rating reaffirmed by analysts at Truist Financial Co.. They now have a $350.00 price target on the stock, up previously from $300.00.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Canaccord Genuity Group Inc. from $310.00 to $330.00. They now have a “buy” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at Stifel Nicolaus from $306.00 to $335.00. They now have a “buy” rating on the stock.
• 11/14/2024 – CyberArk Software had its price target raised by analysts at UBS Group AG from $340.00 to $360.00. They now have a “buy” rating on the stock.
• 11/4/2024 – CyberArk Software had its “market outperform” rating reaffirmed by analysts at JMP Securities. They now have a $310.00 price target on the stock.
• 10/29/2024 – CyberArk Software had its price target raised by analysts at Cantor Fitzgerald from $300.00 to $335.00. They now have an “overweight” rating on the stock.
• 10/24/2024 – CyberArk Software had its price target raised by analysts at Robert W. Baird from $315.00 to $355.00. They now have an “outperform” rating on the stock.
• 10/22/2024 – CyberArk Software had its price target raised by analysts at Oppenheimer Holdings Inc. from $310.00 to $360.00. They now have an “outperform” rating on the stock.
• 10/21/2024 – CyberArk Software is now covered by analysts at Scotiabank. They set a “sector outperform” rating and a $340.00 price target on the stock.
• 10/18/2024 – CyberArk Software had its price target raised by analysts at KeyCorp from $310.00 to $340.00. They now have an “overweight” rating on the stock.
• 10/17/2024 – CyberArk Software had its price target raised by analysts at Mizuho from $310.00 to $325.00. They now have an “outperform” rating on the stock.
• 10/9/2024 – CyberArk Software had its price target raised by analysts at BTIG Research from $310.00 to $325.00. They now have a “buy” rating on the stock.
• 10/7/2024 – CyberArk Software had its price target raised by analysts at Barclays PLC from $315.00 to $330.00. They now have an “overweight” rating on the stock.
• 10/1/2024 – CyberArk Software had its price target raised by analysts at Wedbush from $300.00 to $325.00. They now have an “outperform” rating on the stock.

CyberArk Software Stock Down 2.7 %

NASDAQ:CYBR traded down $8.95 during mid-day trading on Wednesday, hitting $319.06. 192,970 shares of the stock traded hands, compared to its average volume of 521,356. The stock has a market capitalization of $13.90 billion, a price-to-earnings ratio of 1,181.75 and a beta of 1.13. CyberArk Software Ltd. has a 52 week low of $192.57 and a 52 week high of $332.05. The firm’s 50 day moving average is $292.30 and its two-hundred day moving average is $271.74.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. CyberArk Software’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period last year, the company earned ($0.31) EPS. As a group, research analysts predict that CyberArk Software Ltd. will post -0.62 EPS for the current year.

Institutional Trading of CyberArk Software

A number of hedge funds have recently added to or reduced their stakes in the business. Coldstream Capital Management Inc. raised its position in shares of CyberArk Software by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after acquiring an additional 42 shares in the last quarter. Greenleaf Trust boosted its holdings in shares of CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after buying an additional 45 shares in the last quarter. Signaturefd LLC grew its position in shares of CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after buying an additional 49 shares during the last quarter. Austin Private Wealth LLC lifted its position in CyberArk Software by 6.8% during the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after acquiring an additional 52 shares during the last quarter. Finally, Arcadia Investment Management Corp MI lifted its position 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 acquiring an additional 54 shares during the last quarter. 91.84% of the stock is 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.