CyberArk Software (NASDAQ:CYBR) Price Target Raised to $410.00 at Royal Bank of Canada

CyberArk Software (NASDAQ:CYBR) had its target price increased by stock analysts at Royal Bank of Canada from $385.00 to $410.00 in a note issued to investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Royal Bank of Canada’s target price suggests a potential upside of 16.96% from the company’s current price.

CYBR has been the topic of a number of other reports. Stifel Nicolaus lifted their price objective on shares of CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Wedbush lifted their price objective on shares of CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. BTIG Research lifted their price objective on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a research note on Wednesday, October 9th. Barclays lifted their price objective on shares of CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Finally, Susquehanna lifted their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $354.85.

CyberArk Software Trading Down 0.5 %

NASDAQ:CYBR traded down $1.68 during midday trading on Tuesday, hitting $350.54. 86,786 shares of the company were exchanged, compared to its average volume of 470,349. The company has a fifty day simple moving average of $325.25 and a 200 day simple moving average of $293.63. CyberArk Software has a fifty-two week low of $223.09 and a fifty-two week high of $363.00. The company has a market capitalization of $15.27 billion, a PE ratio of 1,298.00 and a beta of 1.13.

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 the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The firm had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same period last year, the business earned ($0.31) EPS. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. As a group, equities research analysts expect that CyberArk Software will post -0.58 EPS for the current year.

Institutional Trading of CyberArk Software

Hedge funds have recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software in the 4th quarter valued at about $25,000. Assetmark Inc. lifted its position in CyberArk Software by 1,025.0% in 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 last quarter. Transcendent Capital Group LLC bought a new stake in CyberArk Software in the 3rd quarter valued at about $51,000. Kieckhefer Group LLC bought a new stake in shares of CyberArk Software during the 4th quarter worth about $67,000. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of CyberArk Software during the 3rd quarter worth about $87,000. 91.84% of the stock is currently owned by 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.