CyberArk Software (NASDAQ:CYBR) Price Target Raised to $365.00 at Mizuho

CyberArk Software (NASDAQ:CYBR) had its price objective lifted by Mizuho from $345.00 to $365.00 in a research note released on Friday morning,Benzinga reports. Mizuho currently has an outperform rating on the technology company’s stock.

CYBR has been the subject of a number of other reports. Canaccord Genuity Group raised their target price on CyberArk Software from $310.00 to $330.00 and gave the company a “buy” rating in a report on Thursday, November 14th. Stifel Nicolaus raised their price objective on shares of CyberArk Software from $306.00 to $335.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Susquehanna upped their target price 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. KeyCorp raised their price target on shares of CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. Finally, Jefferies Financial Group upped their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $333.00.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $313.36 on Friday. CyberArk Software has a one year low of $198.01 and a one year high of $333.32. The firm’s 50 day moving average price is $302.84 and its 200-day moving average price is $278.70. The firm has a market cap of $13.65 billion, a P/E ratio of 1,160.64 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released 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. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same period in the prior year, the firm earned ($0.31) earnings per share. The firm’s revenue was up 25.6% compared to the same quarter last year. As a group, research analysts predict that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Several institutional investors and hedge funds have recently made changes to their positions in the company. Coldstream Capital Management Inc. increased its position in CyberArk Software by 3.5% during the third quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after buying an additional 42 shares during the period. Greenleaf Trust increased its holdings in shares of CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after acquiring an additional 45 shares during the period. Signaturefd LLC raised its position in CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock valued at $352,000 after purchasing an additional 49 shares during the last quarter. Austin Private Wealth LLC boosted its stake in CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock worth $238,000 after purchasing an additional 52 shares during the period. Finally, Arcadia Investment Management Corp MI grew its position 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 worth $50,000 after purchasing an additional 54 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other 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.