CyberArk Software (NASDAQ:CYBR) Price Target Raised to $330.00 at Jefferies Financial Group

CyberArk Software (NASDAQ:CYBR) had its price target lifted by Jefferies Financial Group from $315.00 to $330.00 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. Jefferies Financial Group’s target price points to a potential upside of 16.40% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Royal Bank of Canada started coverage on CyberArk Software in a research note on Friday. They issued an “outperform” rating and a $328.00 price objective for the company. Guggenheim restated a “buy” rating and set a $300.00 price target on shares of CyberArk Software in a research note on Tuesday, June 25th. Citigroup lifted their price objective on shares of CyberArk Software from $305.00 to $310.00 and gave the company a “buy” rating in a report on Friday, August 9th. Rosenblatt Securities reaffirmed a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a research report on Tuesday, August 6th. Finally, KeyCorp increased their price target on shares of CyberArk Software from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $295.92.

CyberArk Software Stock Down 0.2 %

Shares of NASDAQ CYBR traded down $0.69 during midday trading on Tuesday, reaching $283.50. 112,243 shares of the company were exchanged, compared to its average volume of 531,325. The stock’s 50-day moving average price is $269.15 and its 200-day moving average price is $257.93. The stock has a market cap of $11.98 billion, a P/E ratio of -439.86 and a beta of 1.11. CyberArk Software has a one year low of $152.03 and a one year high of $293.31.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. The business had revenue of $224.71 million during the quarter, compared to analysts’ expectations of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The business’s revenue for the quarter was up 27.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.58) EPS. On average, equities research analysts anticipate that CyberArk Software will post -1.06 EPS for the current year.

Hedge Funds Weigh In On CyberArk Software

A number of institutional investors have recently added to or reduced their stakes in CYBR. PNC Financial Services Group Inc. increased its position in shares of CyberArk Software by 23.4% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the technology company’s stock worth $749,000 after purchasing an additional 648 shares during the last quarter. Coldstream Capital Management Inc. purchased a new stake in shares of CyberArk Software during the 4th quarter valued at $217,000. Hsbc Holdings PLC increased its stake in CyberArk Software by 80.8% in the fourth quarter. Hsbc Holdings PLC now owns 8,426 shares of the technology company’s stock valued at $1,853,000 after acquiring an additional 3,766 shares during the last quarter. TD Asset Management Inc lifted its position in CyberArk Software by 2.6% in the 4th quarter. TD Asset Management Inc now owns 11,330 shares of the technology company’s stock worth $2,482,000 after buying an additional 290 shares during the last quarter. Finally, Evoke Wealth LLC bought a new position in shares of CyberArk Software in the fourth quarter worth approximately $3,495,000. 91.84% of the stock is currently owned by institutional investors.

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.