Susquehanna Forecasts Strong Price Appreciation for CyberArk Software (NASDAQ:CYBR) Stock

CyberArk Software (NASDAQ:CYBR) had its price objective increased by Susquehanna from $320.00 to $345.00 in a research report sent to investors on Thursday,Benzinga reports. Susquehanna currently has a positive rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the company. Needham & Company LLC reissued a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a research note on Friday, August 9th. Rosenblatt Securities reissued a “buy” rating and set a $310.00 price objective on shares of CyberArk Software in a report on Tuesday, August 6th. Cantor Fitzgerald raised their target price on shares of CyberArk Software from $300.00 to $335.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Robert W. Baird boosted their price target on shares of CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research note on Thursday, October 24th. Finally, Scotiabank assumed coverage on shares of CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price objective on the stock. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Up 1.3 %

Shares of CYBR opened at $305.27 on Thursday. CyberArk Software has a twelve month low of $183.28 and a twelve month high of $318.16. The stock has a market cap of $13.30 billion, a PE ratio of 1,130.63 and a beta of 1.13. The business’s 50-day moving average price is $285.06 and its 200-day moving average price is $267.28.

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

Institutional Trading of CyberArk Software

A number of institutional investors have recently modified their holdings of CYBR. Mather Group LLC. bought a new position in shares of CyberArk Software during the second quarter valued at approximately $27,000. ORG Partners LLC bought a new stake in CyberArk Software during the 2nd quarter valued at approximately $33,000. 1620 Investment Advisors Inc. purchased a new position in shares of CyberArk Software during the 2nd quarter worth approximately $39,000. Assetmark Inc. grew its holdings in shares of CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares during the period. Finally, Arcadia Investment Management Corp MI raised its position 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 acquiring an additional 54 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other 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.