Rosenblatt Securities Increases CyberArk Software (NASDAQ:CYBR) Price Target to $445.00

CyberArk Software (NASDAQ:CYBR) had its price target lifted by stock analysts at Rosenblatt Securities from $415.00 to $445.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Rosenblatt Securities’ target price points to a potential upside of 7.67% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Stifel Nicolaus boosted their price objective on shares of CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Piper Sandler boosted their price target on CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Truist Financial raised their price objective on CyberArk Software from $350.00 to $385.00 and gave the stock a “buy” rating in a report on Tuesday, January 28th. Canaccord Genuity Group upped their target price on CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Citigroup raised their price objective on CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a report on Friday, January 17th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $401.67.

CyberArk Software Trading Down 0.2 %

Shares of NASDAQ CYBR opened at $413.31 on Friday. The company’s 50-day moving average price is $347.91 and its 200 day moving average price is $308.16. CyberArk Software has a 52 week low of $223.09 and a 52 week high of $419.49. The stock has a market cap of $18.01 billion, a price-to-earnings ratio of 1,530.83 and a beta of 1.15.

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 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, research analysts expect that CyberArk Software will post -0.58 earnings per share for the current year.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC raised its position in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares in the last quarter. CenterBook Partners LP raised its holdings in CyberArk Software by 2.4% during the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock worth $534,000 after purchasing an additional 38 shares in the last quarter. Coldstream Capital Management Inc. raised its holdings in CyberArk Software by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after purchasing an additional 42 shares in the last quarter. Montag A & Associates Inc. lifted its position in CyberArk Software by 47.2% in the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after purchasing an additional 42 shares during the period. Finally, Greenleaf Trust boosted its stake in CyberArk Software by 2.5% during the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after purchasing an additional 45 shares in the last quarter. 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.