CyberArk Software’s (CYBR) Market Outperform Rating Reiterated at JMP Securities

JMP Securities reissued their market outperform rating on shares of CyberArk Software (NASDAQ:CYBR) in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a $360.00 target price on the technology company’s stock.

Several other analysts have also commented on CYBR. Stifel Nicolaus raised their target price on CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Susquehanna raised their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. KeyCorp lifted their target price on shares of CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. UBS Group raised their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Oppenheimer upped their price objective on shares of CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average price target of $350.22.

CyberArk Software Trading Up 1.1 %

CYBR opened at $341.51 on Tuesday. CyberArk Software has a 12-month low of $221.12 and a 12-month high of $348.29. The firm has a 50 day moving average of $320.70 and a two-hundred day moving average of $291.34. The firm has a market capitalization of $14.88 billion, a PE ratio of 1,264.90 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping 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 company posted ($0.31) earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. As a group, analysts predict that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CYBR. Coldstream Capital Management Inc. increased its holdings in shares of CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after purchasing an additional 42 shares during the last quarter. Greenleaf Trust raised its holdings in shares of CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after acquiring an additional 45 shares during the period. Signaturefd LLC boosted its position in shares of CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after acquiring an additional 49 shares during the last quarter. Austin Private Wealth LLC grew its holdings in shares of CyberArk Software by 6.8% in the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after purchasing an additional 52 shares during the period. Finally, Juncture Wealth Strategies LLC increased its position in CyberArk Software by 2.1% during the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock worth $825,000 after purchasing an additional 57 shares during the last quarter. 91.84% of the stock is currently 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.