CyberArk Software (NASDAQ:CYBR) Stock Rating Upgraded by StockNews.com

CyberArk Software (NASDAQ:CYBR) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Monday.

Other research analysts have also recently issued research reports about the company. KeyCorp raised their target price on CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Cantor Fitzgerald restated an “overweight” rating and set a $335.00 target price on shares of CyberArk Software in a report on Thursday, November 14th. Susquehanna increased their price target on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Jefferies Financial Group boosted their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Royal Bank of Canada raised their target price on shares of CyberArk Software from $328.00 to $358.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and an average target price of $328.37.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $312.13 on Monday. The firm has a market capitalization of $13.60 billion, a PE ratio of 1,156.08 and a beta of 1.13. CyberArk Software has a 52-week low of $198.01 and a 52-week high of $333.32. The firm has a fifty day moving average of $300.33 and a 200 day moving average of $277.29.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business’s quarterly revenue was up 25.6% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.31) EPS. On average, sell-side analysts forecast that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

A number of institutional investors have recently made changes to their positions in the company. Coldstream Capital Management Inc. raised its stake in CyberArk Software by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after purchasing an additional 42 shares during the last quarter. Greenleaf Trust raised its position in shares of CyberArk Software by 2.5% in the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after buying an additional 45 shares during the last quarter. Signaturefd LLC lifted its stake in shares of CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after buying an additional 49 shares in the last quarter. Austin Private Wealth LLC boosted its position in CyberArk Software by 6.8% during the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after acquiring an additional 52 shares during the last quarter. Finally, Arcadia Investment Management Corp MI grew its stake in CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after acquiring an additional 54 shares in the last quarter. 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.