Truist Financial Boosts CyberArk Software (NASDAQ:CYBR) Price Target to $450.00

CyberArk Software (NASDAQ:CYBR) had its price objective hoisted by analysts at Truist Financial from $385.00 to $450.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Truist Financial’s price objective indicates a potential upside of 8.88% from the company’s previous close.

A number of other brokerages have also weighed in on CYBR. Cantor Fitzgerald reissued an “overweight” rating and set a $415.00 price target on shares of CyberArk Software in a research note on Monday, January 27th. Barclays lifted their target price on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday. Robert W. Baird lifted their target price on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a report on Tuesday, December 17th. StockNews.com cut CyberArk Software from a “buy” rating to a “hold” rating in a report on Monday, February 10th. Finally, Oppenheimer lifted their target price on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Two investment analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $401.67.

CyberArk Software Stock Down 0.2 %

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

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results 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%. Equities research analysts anticipate that CyberArk Software will post -0.58 EPS for the current year.

Institutional Trading of CyberArk Software

Hedge funds and other institutional investors have recently bought and sold shares of the company. HighTower Advisors LLC increased its holdings in CyberArk Software by 16.6% in the third quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock valued at $4,212,000 after buying an additional 2,062 shares during the last quarter. Groupama Asset Managment increased its holdings in CyberArk Software by 0.5% in the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after buying an additional 5,402 shares during the last quarter. Jennison Associates LLC increased its holdings in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after buying an additional 9,570 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of CyberArk Software during the third quarter valued at approximately $8,612,000. Finally, International Assets Investment Management LLC bought a new position in shares of CyberArk Software during the third quarter valued at approximately $82,485,000. 91.84% of the stock is owned by institutional investors.

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.