Robert W. Baird Forecasts Strong Price Appreciation for CyberArk Software (NASDAQ:CYBR) Stock

CyberArk Software (NASDAQ:CYBR) had its price objective raised by investment analysts at Robert W. Baird from $455.00 to $465.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s price objective suggests a potential upside of 24.09% from the company’s previous close.

CYBR has been the topic of several other research reports. Rosenblatt Securities lifted their price target on shares of CyberArk Software from $415.00 to $445.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Susquehanna increased their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. DA Davidson raised their price objective on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. StockNews.com downgraded CyberArk Software from a “buy” rating to a “hold” rating in a report on Friday. Finally, UBS Group raised their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $405.19.

CyberArk Software Trading Down 2.2 %

CYBR stock opened at $374.73 on Tuesday. CyberArk Software has a 12-month low of $223.41 and a 12-month high of $421.00. The stock’s 50 day simple moving average is $357.54 and its 200 day simple moving average is $314.85. The firm has a market cap of $16.33 billion, a P/E ratio of -192.17 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, research analysts forecast that CyberArk Software will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

A number of institutional investors have recently made changes to their positions in the business. Thurston Springer Miller Herd & Titak Inc. acquired a new position in CyberArk Software during the 4th quarter valued at $25,000. TD Private Client Wealth LLC raised its position in shares of CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after buying an additional 34 shares during the last quarter. Assetmark Inc. lifted its stake in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares during the period. Plato Investment Management Ltd acquired a new stake in CyberArk Software during the fourth quarter worth about $39,000. Finally, Graney & King LLC bought a new position in CyberArk Software during the fourth quarter valued at about $43,000. 91.84% of the stock is currently owned by institutional investors.

About CyberArk Software

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.