KeyCorp Raises CyberArk Software (NASDAQ:CYBR) Price Target to $485.00

CyberArk Software (NASDAQ:CYBR) had its price target upped by research analysts at KeyCorp from $400.00 to $485.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the technology company’s stock. KeyCorp’s price target would indicate a potential upside of 17.35% from the stock’s current price.

CYBR has been the subject of several other reports. Needham & Company LLC raised their price objective on shares of CyberArk Software from $360.00 to $410.00 and gave the stock a “buy” rating in a report on Thursday, January 9th. Truist Financial lifted their target price on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday. Rosenblatt Securities lifted their price target on shares of CyberArk Software from $415.00 to $445.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho lifted their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, StockNews.com cut shares of CyberArk Software from a “buy” rating to a “hold” rating in a research note on Monday, February 10th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Stock Down 0.2 %

Shares of NASDAQ:CYBR opened at $413.31 on Friday. The business has a fifty day simple moving average of $347.91 and a 200 day simple moving average of $308.16. CyberArk Software has a 12-month low of $223.09 and a 12-month high of $419.49. The firm has a market cap of $18.01 billion, a P/E ratio of 1,530.83 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. As a group, equities research analysts expect that CyberArk Software will post -0.58 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

A number of hedge funds have recently modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CyberArk Software during the 4th quarter worth approximately $25,000. TD Private Client Wealth LLC increased its holdings in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Assetmark Inc. increased its holdings in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of CyberArk Software in the 4th quarter valued at about $39,000. Finally, Graney & King LLC bought a new stake in shares of CyberArk Software during the 4th quarter valued at about $43,000. Institutional investors and hedge funds 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.