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

CyberArk Software (NASDAQ:CYBR) had its target price lifted by Jefferies Financial Group from $315.00 to $330.00 in a research report released on Tuesday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Other equities analysts also recently issued research reports about the company. Canaccord Genuity Group decreased their target price on CyberArk Software from $300.00 to $280.00 and set a buy rating for the company in a report on Tuesday, June 4th. Cantor Fitzgerald restated an overweight rating and set a $300.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Robert W. Baird upped their target price on CyberArk Software from $295.00 to $315.00 and gave the company an outperform rating in a report on Friday, August 9th. Needham & Company LLC restated a buy rating and set a $310.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Finally, Susquehanna upped their target price on CyberArk Software from $310.00 to $320.00 and gave the company a positive rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average target price of $295.92.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $282.89 on Tuesday. CyberArk Software has a fifty-two week low of $152.03 and a fifty-two week high of $293.31. The stock has a 50 day moving average price of $270.15 and a two-hundred day moving average price of $258.46. The company has a market capitalization of $11.95 billion, a P/E ratio of -442.02 and a beta of 1.11.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The firm had revenue of $224.71 million during the quarter, compared to the consensus estimate of $219.06 million. During the same quarter in the previous year, the company posted ($0.58) earnings per share. The business’s revenue was up 27.8% on a year-over-year basis. As a group, equities analysts predict that CyberArk Software will post -1.06 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mather Group LLC. bought a new position in CyberArk Software during the 2nd quarter valued at about $27,000. Montag A & Associates Inc. bought a new position in CyberArk Software during the 1st quarter valued at about $27,000. ORG Partners LLC bought a new position in CyberArk Software during the 2nd quarter valued at about $33,000. 1620 Investment Advisors Inc. bought a new position in CyberArk Software during the 2nd quarter valued at about $39,000. Finally, FinTrust Capital Advisors LLC bought a new position in CyberArk Software during the 4th quarter valued at about $34,000. Institutional investors 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.