CyberArk Software (NASDAQ:CYBR) Given New $375.00 Price Target at JPMorgan Chase & Co.

CyberArk Software (NASDAQ:CYBR) had its price objective raised by JPMorgan Chase & Co. from $355.00 to $375.00 in a research report report published on Monday morning,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

A number of other equities analysts have also recently commented on the stock. Wedbush lifted their target price on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a report on Tuesday, October 1st. Wells Fargo & Company upped their target price on shares of CyberArk Software from $300.00 to $350.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Jefferies Financial Group increased their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Oppenheimer boosted their price target on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Finally, Robert W. Baird increased their price objective on CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $336.41.

CyberArk Software Price Performance

Shares of CYBR opened at $305.08 on Monday. CyberArk Software has a 1-year low of $205.59 and a 1-year high of $333.32. The stock has a market cap of $13.29 billion, a PE ratio of 1,129.97 and a beta of 1.13. The firm has a fifty day moving average price of $304.74 and a 200 day moving average price of $280.48.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The firm had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s revenue was up 25.6% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.31) EPS. As a group, equities analysts expect that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Institutional investors have recently bought and sold shares of the company. Coldstream Capital Management Inc. increased its position in shares of CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after buying an additional 42 shares in the last quarter. Greenleaf Trust grew its stake in CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after acquiring an additional 45 shares during the last quarter. Signaturefd LLC increased its holdings in CyberArk Software by 4.2% during the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after acquiring an additional 49 shares in the last quarter. Austin Private Wealth LLC raised its position in CyberArk Software by 6.8% during the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after acquiring an additional 52 shares during the last quarter. Finally, Arcadia Investment Management Corp MI lifted its holdings in shares of CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $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.

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.