CyberArk Software (NASDAQ:CYBR) Stock Price Expected to Rise, JMP Securities Analyst Says

CyberArk Software (NASDAQ:CYBR) had its target price boosted by investment analysts at JMP Securities from $390.00 to $480.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “market outperform” rating on the technology company’s stock. JMP Securities’ target price would suggest a potential upside of 16.14% from the company’s previous close.

Several other equities analysts have also weighed in on CYBR. Royal Bank of Canada increased their price objective on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. KeyCorp raised their price target on shares of CyberArk Software from $355.00 to $400.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 21st. StockNews.com lowered shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Monday, February 10th. JPMorgan Chase & Co. raised their price target on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Finally, Cantor Fitzgerald reaffirmed an “overweight” rating and set a $415.00 price target on shares of CyberArk Software in a research report on Monday, January 27th. Two research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software presently has a consensus rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Price Performance

Shares of CYBR opened at $413.31 on Friday. The firm has a market capitalization of $18.01 billion, a PE ratio of 1,530.83 and a beta of 1.15. The company’s 50-day moving average is $347.91 and its 200-day moving average is $308.16. CyberArk Software has a fifty-two week low of $223.09 and a fifty-two week high of $419.49.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. Analysts predict that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

A number of hedge funds have recently made changes to their positions in CYBR. Norges Bank acquired a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $203,375,000. Nepsis Inc. boosted its stake in shares of CyberArk Software by 882.4% in the 4th 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 in the last quarter. Jennison Associates LLC boosted its stake in shares of CyberArk Software by 32.3% in the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after purchasing an additional 391,900 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its position in CyberArk Software by 195.7% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock worth $170,614,000 after buying an additional 336,462 shares during the period. Finally, International Assets Investment Management LLC acquired a new stake in CyberArk Software during the 3rd quarter worth approximately $82,485,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.