CyberArk Software’s (CYBR) Market Outperform Rating Reaffirmed at JMP Securities

CyberArk Software (NASDAQ:CYBR)‘s stock had its “market outperform” rating reaffirmed by investment analysts at JMP Securities in a note issued to investors on Monday, Benzinga reports. They currently have a $310.00 target price on the technology company’s stock. JMP Securities’ target price suggests a potential upside of 10.64% from the company’s previous close.

Other equities research analysts have also recently issued research reports about the company. Susquehanna upped their price objective on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Rosenblatt Securities reissued a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a report on Tuesday, August 6th. Needham & Company LLC reissued a “buy” rating and set a $310.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Citigroup boosted their target price on CyberArk Software from $305.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Finally, Jefferies Financial Group boosted their target price on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a report on Tuesday, September 24th. One investment analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $311.44.

CyberArk Software Stock Up 2.2 %

Shares of CyberArk Software stock opened at $280.19 on Monday. CyberArk Software has a 12-month low of $174.04 and a 12-month high of $308.63. The stock has a market cap of $12.21 billion, a P/E ratio of -875.59 and a beta of 1.13. The business’s 50 day moving average is $282.11 and its 200-day moving average is $264.31.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 earnings per share (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 company had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. During the same quarter in the prior year, the business posted ($0.58) EPS. The business’s revenue was up 27.8% compared to the same quarter last year. On average, sell-side analysts expect that CyberArk Software will post -1.05 EPS for the current year.

Institutional Trading of CyberArk Software

Several large investors have recently modified their holdings of CYBR. Geneos Wealth Management Inc. lifted its position in shares of CyberArk Software by 64.7% during the 1st quarter. Geneos Wealth Management Inc. now owns 7,345 shares of the technology company’s stock worth $1,951,000 after buying an additional 2,885 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of CyberArk Software by 58.3% during the 1st quarter. Russell Investments Group Ltd. now owns 33,255 shares of the technology company’s stock worth $8,830,000 after buying an additional 12,242 shares during the last quarter. Quadrature Capital Ltd bought a new stake in shares of CyberArk Software during the 1st quarter worth $2,741,000. Price T Rowe Associates Inc. MD lifted its position in shares of CyberArk Software by 715.2% during 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 buying an additional 49,360 shares during the last quarter. Finally, Ensign Peak Advisors Inc bought a new stake in shares of CyberArk Software during the 2nd quarter worth $711,000. 91.84% of the stock is owned by institutional investors and hedge funds.

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.