JPMorgan Chase & Co. Issues Positive Forecast for CyberArk Software (NASDAQ:CYBR) Stock Price

CyberArk Software (NASDAQ:CYBR) had its price objective lifted by JPMorgan Chase & Co. from $355.00 to $375.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an overweight rating on the technology company’s stock.

Other research analysts have also issued research reports about the company. Cantor Fitzgerald reissued an “overweight” rating and set a $335.00 price target on shares of CyberArk Software in a research note on Thursday, November 14th. Wedbush raised their price target on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. Jefferies Financial Group boosted their price objective on shares of CyberArk Software from $315.00 to $330.00 and gave the company a “buy” rating in a research note on Tuesday, September 24th. JMP Securities increased their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the stock a “market outperform” rating in a research report on Thursday, November 14th. Finally, Scotiabank initiated coverage on shares of CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $334.56.

CyberArk Software Trading Up 1.9 %

CyberArk Software stock opened at $319.16 on Monday. The stock has a 50-day moving average price of $302.84 and a 200 day moving average price of $279.02. CyberArk Software has a 52 week low of $205.59 and a 52 week high of $333.32. The stock has a market cap of $13.91 billion, a PE ratio of 1,179.44 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last issued 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 during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company’s quarterly revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.31) earnings per share. On average, equities analysts predict that CyberArk Software will post -0.58 EPS for the current year.

Institutional Trading of CyberArk Software

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Assetmark Inc. boosted its stake in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the period. 1620 Investment Advisors Inc. bought a new stake in shares of CyberArk Software during the second quarter valued at approximately $39,000. Transcendent Capital Group LLC bought a new position in CyberArk Software in the 3rd quarter worth approximately $51,000. Arcadia Investment Management Corp MI increased its position in CyberArk Software by 42.2% in 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 during the period. Finally, DT Investment Partners LLC acquired a new position in shares of CyberArk Software during the second quarter valued at $78,000. 91.84% of the stock is currently 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.