CyberArk Software (NASDAQ:CYBR) Given New $310.00 Price Target at KeyCorp

CyberArk Software (NASDAQ:CYBR) had its price target hoisted by KeyCorp from $300.00 to $310.00 in a report published on Friday, Benzinga reports. They currently have an overweight rating on the technology company’s stock.

Several other equities analysts have also issued reports on the stock. Guggenheim restated a buy rating and issued a $300.00 target price on shares of CyberArk Software in a report on Tuesday, June 25th. Susquehanna upped their target price on CyberArk Software from $310.00 to $320.00 and gave the company a positive rating in a research report on Friday. DA Davidson lifted their target price on CyberArk Software from $275.00 to $285.00 and gave the stock a buy rating in a report on Wednesday, May 22nd. Rosenblatt Securities restated a buy rating and set a $310.00 price target on shares of CyberArk Software in a report on Tuesday, August 6th. Finally, Wedbush reaffirmed an outperform rating and set a $285.00 price objective on shares of CyberArk Software in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $290.83.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $270.90 on Friday. CyberArk Software has a 52-week low of $148.01 and a 52-week high of $284.10. The company has a market capitalization of $11.45 billion, a PE ratio of -423.28 and a beta of 1.14. The company has a fifty day moving average of $258.55 and a 200-day moving average of $252.89.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, August 8th. The technology company reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.14. CyberArk Software had a negative return on equity of 2.51% and a negative net margin of 3.20%. The company had revenue of $224.71 million for the quarter, compared to analysts’ expectations of $219.06 million. During the same period in the previous year, the business posted ($0.58) earnings per share. The business’s quarterly revenue was up 27.8% compared to the same quarter last year. On average, equities analysts forecast that CyberArk Software will post -1.24 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

A number of hedge funds have recently bought and sold shares of the business. Mather Group LLC. purchased a new stake in shares of CyberArk Software during the 2nd quarter valued at $27,000. Montag A & Associates Inc. purchased a new stake in CyberArk Software during the first quarter worth about $27,000. ORG Partners LLC bought a new stake in CyberArk Software in the second quarter worth about $33,000. Blue Bell Private Wealth Management LLC purchased a new position in CyberArk Software in the first quarter valued at about $34,000. Finally, Arcadia Investment Management Corp MI bought a new position in shares of CyberArk Software during the 1st quarter valued at approximately $34,000. 91.84% of the stock is currently 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.