CyberArk Software (NASDAQ:CYBR) Price Target Raised to $400.00 at KeyCorp

CyberArk Software (NASDAQ:CYBR) had its target price raised by KeyCorp from $355.00 to $400.00 in a research report report published on Tuesday morning,Benzinga reports. KeyCorp currently has an overweight rating on the technology company’s stock.

A number of other equities analysts also recently commented on the company. Mizuho upped their target price on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Oppenheimer raised their target price 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. Barclays lifted their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Truist Financial restated a “buy” rating and issued a $350.00 price objective (up from $300.00) on shares of CyberArk Software in a report on Thursday, November 14th. Finally, UBS Group upped their target price on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. One analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $358.74.

CyberArk Software Stock Up 1.0 %

Shares of CYBR opened at $355.58 on Tuesday. The stock has a market capitalization of $15.49 billion, a P/E ratio of 1,317.01 and a beta of 1.13. CyberArk Software has a twelve month low of $223.09 and a twelve month high of $363.00. The firm has a fifty day simple moving average of $325.25 and a two-hundred day simple moving average of $293.63.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company 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 business posted ($0.31) earnings per share. CyberArk Software’s revenue for the quarter was up 25.6% on a year-over-year basis. Sell-side analysts expect that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

A number of institutional investors have recently made changes to their positions in CYBR. Nepsis Inc. lifted its position in CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after purchasing an additional 505,088 shares during the period. International Assets Investment Management LLC purchased a new stake in CyberArk Software during the 3rd quarter valued at $82,485,000. Clearbridge Investments LLC lifted its holdings in shares of CyberArk Software by 250.0% during the 2nd quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after buying an additional 160,269 shares during the period. SG Americas Securities LLC boosted its stake in shares of CyberArk Software by 97.5% in the 4th quarter. SG Americas Securities LLC now owns 167,759 shares of the technology company’s stock worth $55,889,000 after buying an additional 82,812 shares during the last quarter. Finally, Point72 Asset Management L.P. grew its holdings in shares of CyberArk Software by 89.2% in the second quarter. Point72 Asset Management L.P. now owns 167,305 shares of the technology company’s stock worth $45,745,000 after acquiring an additional 78,887 shares during the period. 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.