Susquehanna Issues Positive Forecast for CyberArk Software (NASDAQ:CYBR) Stock Price

CyberArk Software (NASDAQ:CYBR) had its price target upped by Susquehanna from $320.00 to $345.00 in a research report released on Thursday,Benzinga reports. They currently have a positive rating on the technology company’s stock.

Several other analysts also recently issued reports on CYBR. Scotiabank began coverage on shares of CyberArk Software in a research report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 price target for the company. Robert W. Baird lifted their price objective on shares of CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a report on Thursday, October 24th. BTIG Research upped their target price on shares of CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Wedbush lifted their price target on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Finally, Mizuho increased their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $328.37.

CyberArk Software Stock Up 1.3 %

Shares of NASDAQ CYBR opened at $305.27 on Thursday. The firm has a market cap of $13.30 billion, a PE ratio of 1,130.63 and a beta of 1.13. The company’s fifty day simple moving average is $285.06 and its 200 day simple moving average is $267.28. CyberArk Software has a 12-month low of $183.28 and a 12-month high of $318.16.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s revenue was up 25.6% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.31) EPS. On average, equities analysts predict that CyberArk Software will post -0.99 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

Institutional investors and hedge funds have recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of CyberArk Software during the 2nd quarter valued at $27,000. ORG Partners LLC bought a new stake in CyberArk Software in the 2nd quarter valued at about $33,000. Assetmark Inc. lifted its holdings in CyberArk Software by 1,025.0% during the third 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 last quarter. 1620 Investment Advisors Inc. bought a new position in CyberArk Software during the second quarter worth about $39,000. Finally, Transcendent Capital Group LLC purchased a new position in shares of CyberArk Software in the third quarter worth about $51,000. 91.84% of the stock is owned by institutional investors.

CyberArk Software Company Profile

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.