CyberArk Software (NASDAQ:CYBR) Price Target Raised to $330.00 at Canaccord Genuity Group

CyberArk Software (NASDAQ:CYBR) had its price target boosted by Canaccord Genuity Group from $310.00 to $330.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other brokerages also recently weighed in on CYBR. KeyCorp boosted their price target on CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday. DA Davidson boosted their price target on CyberArk Software from $285.00 to $315.00 and gave the company a “buy” rating in a report on Friday, August 9th. JMP Securities boosted their price target on CyberArk Software from $310.00 to $360.00 and gave the company a “market outperform” rating in a report on Thursday. UBS Group boosted their price target on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a report on Thursday. Finally, Susquehanna boosted their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a report on Thursday. One investment analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $328.37.

CyberArk Software Trading Up 1.3 %

NASDAQ CYBR opened at $305.27 on Thursday. The business’s 50 day moving average is $285.06 and its two-hundred day moving average is $267.28. The stock has a market capitalization of $13.30 billion, a price-to-earnings ratio of 1,130.63 and a beta of 1.13. CyberArk Software has a 12-month low of $183.28 and a 12-month high of $318.16.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping the consensus estimate of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company’s quarterly revenue was up 25.6% on a year-over-year basis. During the same quarter in the previous year, the company earned ($0.31) EPS. Equities analysts forecast that CyberArk Software will post -0.99 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC raised its position in shares of CyberArk Software by 4.1% during the 3rd quarter. Geode Capital Management LLC now owns 372,231 shares of the technology company’s stock worth $108,020,000 after purchasing an additional 14,724 shares during the period. Continuum Advisory LLC boosted its position in CyberArk Software by 33.2% during the 3rd quarter. Continuum Advisory LLC now owns 7,823 shares of the technology company’s stock valued at $2,357,000 after purchasing an additional 1,950 shares during the period. Public Employees Retirement System of Ohio acquired a new position in CyberArk Software during the 3rd quarter valued at approximately $8,612,000. Groupama Asset Managment boosted its position in CyberArk Software by 0.5% during the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after purchasing an additional 5,402 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its position in CyberArk Software by 11.9% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 12,190 shares of the technology company’s stock valued at $3,555,000 after purchasing an additional 1,300 shares during the period. Institutional investors own 91.84% of the company’s stock.

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.