Wells Fargo & Company Boosts CyberArk Software (NASDAQ:CYBR) Price Target to $500.00

CyberArk Software (NASDAQ:CYBR) had its price objective lifted by stock analysts at Wells Fargo & Company from $425.00 to $500.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price points to a potential upside of 20.97% from the stock’s current price.

CYBR has been the subject of several other reports. Robert W. Baird raised their price objective on CyberArk Software from $355.00 to $370.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 17th. Rosenblatt Securities raised their price objective on CyberArk Software from $415.00 to $445.00 and gave the stock a “buy” rating in a research note on Friday. Mizuho raised their price objective on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Morgan Stanley raised their price objective on CyberArk Software from $316.00 to $390.00 and gave the stock an “equal weight” rating in a research note on Friday. Finally, Barclays raised their price objective on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research note on Friday. Two investment 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, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $401.67.

CyberArk Software Stock Performance

CyberArk Software stock opened at $413.31 on Friday. The stock has a 50-day moving average of $347.91 and a two-hundred day moving average of $308.16. CyberArk Software has a one year low of $223.09 and a one year high of $419.49. The stock has a market cap of $18.01 billion, a PE ratio of 1,530.83 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last released 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 net margin of 1.38% and a return on equity of 2.29%. As a group, sell-side analysts predict that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Several institutional investors have recently bought and sold shares of the business. TD Private Client Wealth LLC grew its holdings in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares during the period. CenterBook Partners LP boosted its stake in shares of CyberArk Software by 2.4% in the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock worth $534,000 after acquiring an additional 38 shares during the last quarter. Coldstream Capital Management Inc. boosted its stake in shares of CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after acquiring an additional 42 shares during the last quarter. Montag A & Associates Inc. boosted its stake in shares of 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 acquiring an additional 42 shares during the last quarter. Finally, Greenleaf Trust boosted its stake in shares of CyberArk Software by 2.5% in the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after acquiring an additional 45 shares during the last quarter. 91.84% of the stock is 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.