CyberArk Software (NASDAQ:CYBR) Price Target Raised to $450.00

CyberArk Software (NASDAQ:CYBR) had its price objective hoisted by Citigroup from $410.00 to $450.00 in a research note released on Monday morning,Benzinga reports. Citigroup currently has a buy rating on the technology company’s stock.

A number of other research analysts have also weighed in on CYBR. Piper Sandler raised their price objective on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a research note on Thursday, February 6th. JPMorgan Chase & Co. raised their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the company an “overweight” rating in a research note on Tuesday, February 11th. Guggenheim reaffirmed a “buy” rating and issued a $455.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. UBS Group raised their price objective on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, Scotiabank raised their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $418.15.

CyberArk Software Trading Up 2.2 %

NASDAQ:CYBR opened at $361.97 on Monday. The stock has a market capitalization of $15.77 billion, a price-to-earnings ratio of -185.63 and a beta of 1.15. The firm has a fifty day simple moving average of $363.60 and a two-hundred day simple moving average of $318.74. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00.

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 negative net margin of 9.34% and a positive return on equity of 0.45%. Equities analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Several large investors have recently modified their holdings of the business. TD Private Client Wealth LLC increased its stake in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after purchasing an additional 34 shares in the last quarter. CenterBook Partners LP increased its stake in shares of CyberArk Software by 2.4% in the fourth quarter. CenterBook Partners LP now owns 1,603 shares of the technology company’s stock worth $534,000 after purchasing an additional 38 shares in the last quarter. Coldstream Capital Management Inc. increased its stake in shares of CyberArk Software by 3.5% in the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after purchasing an additional 42 shares in the last quarter. Montag A & Associates Inc. grew its stake in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after acquiring an additional 42 shares in the last quarter. Finally, Continuum Advisory LLC grew its stake in CyberArk Software by 0.6% during the fourth quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company’s stock valued at $2,622,000 after acquiring an additional 48 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

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.