CyberArk Software (NASDAQ:CYBR - Get Free Report)'s stock had its "market outperform" rating reaffirmed by equities researchers at JMP Securities in a research report issued on Monday, Benzinga reports. They currently have a $310.00 target price on the technology company's stock. JMP Securities' price target points to a potential upside of 12.94% from the stock's previous close.
Several other equities analysts have also recently commented on CYBR. Susquehanna boosted their price objective on shares of CyberArk Software from $310.00 to $320.00 and gave the company a "positive" rating in a research note on Friday, August 9th. Oppenheimer increased their price objective on CyberArk Software from $310.00 to $360.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 22nd. 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. Mizuho upped their target price on CyberArk Software from $310.00 to $325.00 and gave the stock an "outperform" rating in a research note on Thursday, October 17th. Finally, Scotiabank started coverage on shares of CyberArk Software in a research report on Monday, October 21st. They issued a "sector outperform" rating and a $340.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $311.44.
View Our Latest Report on CyberArk Software
CYBR traded down $1.68 on Monday, hitting $274.48. The company's stock had a trading volume of 172,337 shares, compared to its average volume of 516,487. CyberArk Software has a 12 month low of $174.04 and a 12 month high of $308.63. The firm has a market cap of $11.96 billion, a P/E ratio of -857.75 and a beta of 1.13. The company's 50 day simple moving average is $282.28 and its 200-day simple moving average is $263.73.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.14. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. The firm had revenue of $224.71 million during the quarter, compared to analyst estimates of $219.06 million. During the same period last year, the company earned ($0.58) earnings per share. The business's revenue for the quarter was up 27.8% on a year-over-year basis. Equities analysts predict that CyberArk Software will post -1.05 earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the business. Geneos Wealth Management Inc. increased its position in CyberArk Software by 64.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company's stock valued at $1,951,000 after purchasing an additional 2,885 shares during the period. Russell Investments Group Ltd. boosted its position in CyberArk Software by 58.3% during the 1st quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company's stock valued at $8,830,000 after acquiring an additional 12,242 shares in the last quarter. Quadrature Capital Ltd purchased a new position in shares of CyberArk Software during the 1st quarter worth approximately $2,741,000. Price T Rowe Associates Inc. MD raised its position in shares of CyberArk Software by 715.2% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 56,262 shares of the technology company's stock worth $14,946,000 after acquiring an additional 49,360 shares in the last quarter. Finally, Ensign Peak Advisors Inc purchased a new position in shares of CyberArk Software in the 2nd quarter valued at approximately $711,000. 91.84% of the stock is owned by hedge funds and other institutional investors.
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.
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