CyberArk Software (NASDAQ:CYBR) Price Target Raised to $410.00 at Needham & Company LLC

CyberArk Software (NASDAQ:CYBR) had its price objective increased by Needham & Company LLC from $360.00 to $410.00 in a report issued on Thursday morning,Benzinga reports. They currently have a buy rating on the technology company’s stock.

A number of other research firms have also recently issued reports on CYBR. Stifel Nicolaus boosted their price objective on CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Barclays boosted their target price on shares of CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. JPMorgan Chase & Co. raised their price target on shares of CyberArk Software from $355.00 to $375.00 and gave the stock an “overweight” rating in a research note on Monday, December 16th. Morgan Stanley reissued an “equal weight” rating and issued a $316.00 price objective on shares of CyberArk Software in a research report on Tuesday, December 31st. Finally, BTIG Research raised their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th. One analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $350.22.

CyberArk Software Trading Up 0.2 %

Shares of CyberArk Software stock opened at $344.55 on Thursday. CyberArk Software has a 12 month low of $213.37 and a 12 month high of $348.29. The stock has a 50 day moving average of $316.84 and a 200 day moving average of $289.43. The firm has a market cap of $15.01 billion, a PE ratio of 1,276.16 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.48. The company had revenue of $240.10 million for 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 firm’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.31) earnings per share. As a group, equities research analysts forecast that CyberArk Software will post -0.58 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

Several large investors have recently made changes to their positions in the business. Jennison Associates LLC lifted its position in CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after purchasing an additional 9,570 shares during the period. Groupama Asset Managment lifted its holdings in shares of CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after buying an additional 5,402 shares during the period. RGM Capital LLC boosted its stake in shares of CyberArk Software by 2.1% in the second quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after buying an additional 16,530 shares during the last quarter. Whale Rock Capital Management LLC grew its holdings in CyberArk Software by 3.3% during the third quarter. Whale Rock Capital Management LLC now owns 460,964 shares of the technology company’s stock worth $134,422,000 after acquiring an additional 14,927 shares during the period. Finally, Swedbank AB raised its position in CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock valued at $133,528,000 after acquiring an additional 45,799 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

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.