CyberArk Software (NASDAQ:CYBR) PT Raised to $325.00 at BTIG Research

CyberArk Software (NASDAQ:CYBR) had its price objective increased by equities research analysts at BTIG Research from $310.00 to $325.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. BTIG Research’s price objective indicates a potential upside of 14.02% from the stock’s current price.

Other analysts have also issued reports about the company. Rosenblatt Securities restated a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a research note on Tuesday, August 6th. Royal Bank of Canada started coverage on CyberArk Software in a research note on Friday, September 20th. They issued an “outperform” rating and a $328.00 target price on the stock. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 target price on shares of CyberArk Software in a research note on Friday, August 9th. Susquehanna boosted their target price on CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a research note on Friday, August 9th. Finally, Robert W. Baird boosted their target price on CyberArk Software from $295.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, August 9th. One analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average target price of $297.84.

CyberArk Software Stock Up 0.9 %

CYBR stock traded up $2.62 during midday trading on Wednesday, hitting $285.03. The company’s stock had a trading volume of 154,968 shares, compared to its average volume of 527,978. The stock’s 50-day moving average price is $273.58 and its 200 day moving average price is $259.37. CyberArk Software has a 1 year low of $154.76 and a 1 year high of $294.89. The stock has a market cap of $12.04 billion, a price-to-earnings ratio of -445.36 and a beta of 1.12.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. The business had revenue of $224.71 million for 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 was up 27.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.58) earnings per share. As a group, equities analysts forecast that CyberArk Software will post -1.06 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Montag A & Associates Inc. purchased a new position in shares of CyberArk Software in the 1st quarter worth about $27,000. Mather Group LLC. purchased a new position in shares of CyberArk Software in the 2nd quarter worth about $27,000. ORG Partners LLC purchased a new position in shares of CyberArk Software in the 2nd quarter worth about $33,000. 1620 Investment Advisors Inc. purchased a new position in shares of CyberArk Software in the 2nd quarter worth about $39,000. Finally, Arcadia Investment Management Corp MI boosted its holdings in shares of CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after purchasing an additional 54 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other 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.