Cyberark Software (NASDAQ:CYBR) had its price objective lifted by investment analysts at Piper Jaffray Companies to $90.00 in a note issued to investors on Monday, The Fly reports. The brokerage currently has an “overweight” rating on the technology company’s stock. Piper Jaffray Companies’ price target indicates a potential upside of 19.62% from the company’s previous close.

CYBR has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Cyberark Software from a “hold” rating to a “buy” rating and set a $72.00 target price on the stock in a research note on Tuesday, July 3rd. Dougherty & Co raised their price target on shares of Cyberark Software from $64.00 to $75.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. Evercore ISI restated a “buy” rating and issued a $75.00 price target on shares of Cyberark Software in a research report on Wednesday, August 8th. Bank of America raised their price target on shares of Cyberark Software from $63.00 to $73.00 and gave the stock a “buy” rating in a research report on Thursday, June 14th. Finally, UBS Group raised their price target on shares of Cyberark Software from $64.00 to $71.00 and gave the stock a “buy” rating in a research report on Thursday, June 7th. Seven analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $71.94.

NASDAQ:CYBR opened at $75.24 on Monday. Cyberark Software has a 1 year low of $40.62 and a 1 year high of $78.36. The firm has a market capitalization of $2.75 billion, a P/E ratio of 103.07, a PEG ratio of 5.32 and a beta of 2.07.

Cyberark Software (NASDAQ:CYBR) last posted its earnings results on Tuesday, August 7th. The technology company reported $0.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.12. Cyberark Software had a net margin of 6.80% and a return on equity of 7.67%. The business had revenue of $77.71 million for the quarter, compared to analyst estimates of $72.93 million. equities analysts anticipate that Cyberark Software will post 0.76 earnings per share for the current fiscal year.

Institutional investors have recently modified their holdings of the company. FundX Investment Group LLC acquired a new stake in shares of Cyberark Software during the 2nd quarter valued at about $220,000. Russell Investments Group Ltd. acquired a new stake in shares of Cyberark Software during the 2nd quarter valued at about $238,000. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Cyberark Software during the 2nd quarter valued at about $276,000. Allianz Asset Management GmbH acquired a new stake in shares of Cyberark Software during the 1st quarter valued at about $228,000. Finally, AMP Capital Investors Ltd acquired a new stake in shares of Cyberark Software during the 2nd quarter valued at about $290,000. Institutional investors and hedge funds own 76.90% of the company’s stock.

Cyberark Software Company Profile

CyberArk Software Ltd. develops, markets, and sells software-based security solutions that protect organizations from cyber attacks in the United States and internationally. The company offers privileged account security solution to secure, manage, and monitor account access and activities. Its privileged account security solution consists of Enterprise Password Vault that prevents user passwords and SSH keys; Privileged Session Manager that protects windows based systems, databases, virtual machines, network devices, Web sites, and SaaS applications; and Privileged Threat Analytics that enables to detect, alert, and respond to anomalous privileged activity.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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