Robert W. Baird upgraded shares of CyberArk Software (NASDAQ:CYBR) from a neutral rating to an outperform rating in a research note released on Wednesday, Analyst Ratings Network reports. The brokerage currently has $170.00 price target on the technology company’s stock.

CYBR has been the subject of a number of other research reports. DA Davidson raised shares of CyberArk Software from a neutral rating to a buy rating and raised their target price for the company from $100.00 to $180.00 in a research note on Tuesday, January 12th. Barclays raised their target price on shares of CyberArk Software from $181.00 to $185.00 and gave the company an overweight rating in a research note on Wednesday, March 17th. Morgan Stanley raised their target price on shares of CyberArk Software from $185.00 to $200.00 and gave the company an overweight rating in a research note on Friday, February 12th. Piper Sandler raised their target price on shares of CyberArk Software from $125.00 to $180.00 and gave the company an overweight rating in a research note on Tuesday, January 5th. Finally, Colliers Securities downgraded shares of CyberArk Software from a buy rating to a neutral rating in a research note on Friday, February 12th. Three equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. CyberArk Software presently has an average rating of Buy and an average price target of $151.71.

CYBR stock opened at $133.34 on Wednesday. CyberArk Software has a 1 year low of $84.11 and a 1 year high of $169.70. The company has a market cap of $5.21 billion, a P/E ratio of 1,905.13 and a beta of 1.37. The firm has a 50-day moving average of $142.42 and a 200 day moving average of $132.40. The company has a debt-to-equity ratio of 0.74, a current ratio of 4.47 and a quick ratio of 4.47.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, February 10th. The technology company reported $0.82 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.62. CyberArk Software had a net margin of 0.65% and a return on equity of 4.34%. The company had revenue of $144.52 million during the quarter, compared to the consensus estimate of $128.15 million. On average, equities research analysts expect that CyberArk Software will post 0.37 earnings per share for the current fiscal year.

A number of hedge funds have recently modified their holdings of CYBR. Norges Bank purchased a new stake in CyberArk Software in the fourth quarter worth approximately $82,474,000. Artisan Partners Limited Partnership purchased a new stake in CyberArk Software in the fourth quarter worth approximately $54,980,000. Martin Currie Ltd. boosted its holdings in CyberArk Software by 39.8% in the fourth quarter. Martin Currie Ltd. now owns 495,579 shares of the technology company’s stock worth $80,081,000 after purchasing an additional 141,171 shares during the last quarter. FMR LLC boosted its holdings in CyberArk Software by 196.8% in the first quarter. FMR LLC now owns 142,217 shares of the technology company’s stock worth $16,931,000 after purchasing an additional 94,307 shares during the last quarter. Finally, First Trust Advisors LP boosted its holdings in CyberArk Software by 17.6% in the fourth quarter. First Trust Advisors LP now owns 597,515 shares of the technology company’s stock worth $96,552,000 after purchasing an additional 89,556 shares during the last quarter. Institutional investors own 83.67% of the company’s stock.

About CyberArk Software

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager, which combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS service that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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