CyberArk Software (NASDAQ:CYBR – Get a Free Report) The price target was raised by research analysts at Mizuho from $345.00 to $365.00 in a research note issued to investors on Friday, Benzinga reports. The company currently has an ‘outperform’ rating on the tech company’s stock. Mizuho’s price target indicates a potential upside of 16.48% from the company’s previous closing price.
Several other equity analysts have also issued reports on the stock recently. Wells Fargo & Company raised their target price on shares of CyberArk Software from $300.00 to $350.00 and gave the company an “overweight” rating in a research note on Thursday, November 14. Truist Financial reissued a “buy” rating and set a $350.00 target price (up from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14. JMP Securities lifted their price target on CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a report on Thursday, November 14. Stifel Nicolaus raised their price objective on CyberArk Software from $306.00 to $335.00 and gave the company a “buy” rating in a report on Thursday, November 14. Finally, Jefferies Financial Group raised their price target on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24. One analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $333.00.
Check out our latest research report on CYBR
CyberArk Software Price Performance
NASDAQ CYBR opened at $313.36 on Friday. CyberArk Software has a 1-year low of $198.01 and a 1-year high of $333.32. The company has a market cap of $13.65 billion, a price-to-earnings ratio of 1,160.64 and a beta of 1.13. The company has a fifty-day moving average of $302.84 and a 200-day moving average of $278.70.
CyberArk Software (NASDAQ:CYBR – Get Free Report) posted its latest earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating analyst consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company’s revenue increased by 25.6% compared to the same quarter last year. During the same quarter of the previous year, the company earned ($0.31) earnings per share. Research analysts expect CyberArk Software to post -0.58 EPS for the current year.
Hedge funds weigh in on CyberArk software
A number of institutional investors and hedge funds have recently increased or decreased their stakes in CYBR. Wealth Enhancement Advisory Services LLC increased its holdings in shares of CyberArk Software by 11.3% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 2,202 shares of the technology company’s stock worth $602,000 after acquiring an additional 223 shares during the period. ORG Partners LLC bought a new position in CyberArk Software during the second quarter valued at approximately $33,000. Assenagon Asset Management SA increased its stake in CyberArk Software by 13.1% in the second quarter. Assenagon Asset Management SA now owns 1,682 shares of the technology company’s stock worth $460,000, after purchasing an additional 195 shares in the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in CyberArk Software shares by 35.6% in the second quarter. Hennion & Walsh Asset Management Inc. now owns 5,920 shares of the technology company’s stock worth $1,619,000 after purchasing an additional 1,553 shares during the period. Finally, 1620 acquired Investment Advisors Inc. during the second quarter, a new stake in CyberArk Software stock valued at approximately $39,000. Institutional investors and hedge funds own 91.84% of the company’s shares.
About CyberArk Software
(Get a free report)
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. The solutions include Privileged Access Manager, which provides risk-based login 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.
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