CyberArk Software’s (CYBR) “Buy” Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of CyberArk Software (NASDAQ:CYBR) in a research report report published on Wednesday morning,Benzinga reports. Needham & Company LLC currently has a $480.00 target price on the technology company’s stock.

A number of other research analysts have also recently weighed in on CYBR. KeyCorp boosted their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Rosenblatt Securities reiterated a “buy” rating and issued a $445.00 price objective on shares of CyberArk Software in a research note on Wednesday. Barclays increased their price objective on CyberArk Software from $375.00 to $450.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Royal Bank of Canada boosted their target price on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research note on Tuesday, January 21st. Finally, Canaccord Genuity Group upped their price target on CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $416.67.

CyberArk Software Trading Down 1.6 %

Shares of CYBR opened at $364.18 on Wednesday. The stock has a 50 day moving average of $358.58 and a 200 day moving average of $315.53. The company has a market capitalization of $15.87 billion, a price-to-earnings ratio of -186.76 and a beta of 1.15. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. As a group, equities research analysts predict that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Trading of CyberArk Software

A number of large investors have recently modified their holdings of CYBR. TD Private Client Wealth LLC raised its stake in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after purchasing an additional 34 shares in the last quarter. CenterBook Partners LP increased its holdings in shares of CyberArk Software by 2.4% in the 4th quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock worth $534,000 after buying an additional 38 shares during the last quarter. Coldstream Capital Management Inc. raised its position in shares of CyberArk Software by 3.5% during the 3rd 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. Montag A & Associates Inc. lifted its holdings in shares of CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after acquiring an additional 42 shares during the last quarter. Finally, Continuum Advisory LLC grew its position in CyberArk Software by 0.6% in the fourth quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company’s stock worth $2,622,000 after acquiring an additional 48 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

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.