Cyberark Software (CYBR) Price Target Raised to $122.00

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Cyberark Software (NASDAQ:CYBR) had its target price boosted by Barclays from $112.00 to $122.00 in a research note published on Friday morning, Stock Target Advisor reports. They currently have an equal weight rating on the technology company’s stock.

CYBR has been the topic of several other reports. BidaskClub upgraded shares of Cyberark Software from a buy rating to a strong-buy rating in a report on Wednesday, January 2nd. Wedbush boosted their price target on shares of Cyberark Software from $95.00 to $130.00 and gave the company an outperform rating in a report on Friday, February 15th. Morgan Stanley set a $126.00 price target on shares of Cyberark Software and gave the company a buy rating in a report on Friday, February 15th. Goldman Sachs Group cut shares of Cyberark Software from a buy rating to a neutral rating and lowered their price target for the company from $86.00 to $78.00 in a report on Friday, January 4th. Finally, Zacks Investment Research lowered shares of Cyberark Software from a buy rating to a hold rating in a research note on Thursday, January 3rd. Four research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $91.36.

Cyberark Software stock opened at $121.89 on Friday. Cyberark Software has a 12 month low of $51.68 and a 12 month high of $124.59. The firm has a market cap of $4.54 billion, a PE ratio of 85.24, a P/E/G ratio of 5.25 and a beta of 1.87.

Cyberark Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 14th. The technology company reported $0.89 EPS for the quarter, beating the consensus estimate of $0.59 by $0.30. Cyberark Software had a net margin of 13.72% and a return on equity of 12.24%. The business had revenue of $109.10 million for the quarter, compared to analysts’ expectations of $95.94 million. During the same period in the previous year, the company posted $0.41 EPS. Cyberark Software’s revenue was up 35.7% on a year-over-year basis. As a group, sell-side analysts predict that Cyberark Software will post 1.11 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC lifted its position in Cyberark Software by 910.0% during the 1st quarter. Valeo Financial Advisors LLC now owns 505 shares of the technology company’s stock worth $60,000 after acquiring an additional 455 shares during the last quarter. Cerebellum GP LLC acquired a new position in Cyberark Software during the 4th quarter worth $41,000. Optimum Investment Advisors acquired a new position in Cyberark Software during the 4th quarter worth $44,000. Quantamental Technologies LLC acquired a new position in Cyberark Software during the 4th quarter worth $59,000. Finally, IFP Advisors Inc lifted its position in Cyberark Software by 131.3% during the 4th quarter. IFP Advisors Inc now owns 1,413 shares of the technology company’s stock worth $104,000 after acquiring an additional 802 shares during the last quarter. 77.43% of the stock is owned by hedge funds and other institutional investors.

About Cyberark Software

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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