CyberArk Software (NASDAQ:CYBR) Price Target Increased to $310.00 by Analysts at JMP Securities

CyberArk Software (NASDAQ:CYBR) had its price target hoisted by JMP Securities from $280.00 to $310.00 in a research report report published on Friday morning, Benzinga reports. JMP Securities currently has a market outperform rating on the technology company’s stock.

CYBR has been the subject of a number of other research reports. BTIG Research began coverage on CyberArk Software in a research note on Thursday, March 28th. They issued a buy rating and a $317.00 price objective for the company. Truist Financial increased their price target on CyberArk Software from $250.00 to $300.00 and gave the stock a buy rating in a research note on Friday, February 9th. Bank of America reissued a buy rating and set a $315.00 price objective on shares of CyberArk Software in a report on Wednesday, April 24th. Mizuho raised their price objective on CyberArk Software from $250.00 to $310.00 and gave the company a buy rating in a report on Friday, February 9th. Finally, Susquehanna raised their price objective on CyberArk Software from $255.00 to $310.00 and gave the company a positive rating in a report on Friday, February 9th. Two research analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $267.29.

CyberArk Software Price Performance

CYBR stock traded up $1.67 during midday trading on Friday, reaching $241.53. The company had a trading volume of 308,549 shares, compared to its average volume of 570,924. The stock has a 50 day moving average price of $248.12 and a 200-day moving average price of $233.61. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of -377.39 and a beta of 1.06. CyberArk Software has a 1-year low of $142.92 and a 1-year high of $283.00.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.51) by $0.67. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The firm had revenue of $221.55 million for the quarter, compared to analyst estimates of $213.42 million. As a group, research analysts anticipate that CyberArk Software will post -1.24 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

Hedge funds have recently made changes to their positions in the business. First Dallas Securities Inc. lifted its position in shares of CyberArk Software by 3.2% in the first quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock worth $425,000 after buying an additional 50 shares in the last quarter. Desjardins Global Asset Management Inc. lifted its position in shares of CyberArk Software by 22.1% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 282 shares of the technology company’s stock worth $62,000 after buying an additional 51 shares in the last quarter. Signaturefd LLC raised its position in CyberArk Software by 6.6% during the fourth quarter. Signaturefd LLC now owns 868 shares of the technology company’s stock valued at $190,000 after purchasing an additional 54 shares during the period. HighTower Advisors LLC raised its position in CyberArk Software by 1.1% during the third quarter. HighTower Advisors LLC now owns 5,476 shares of the technology company’s stock valued at $894,000 after purchasing an additional 60 shares during the period. Finally, Wealth Alliance raised its position in CyberArk Software by 2.6% during the fourth quarter. Wealth Alliance now owns 2,399 shares of the technology company’s stock valued at $526,000 after purchasing an additional 60 shares during the period. 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.