CyberArk Software (NASDAQ:CYBR) PT Raised to $315.00 at Barclays

CyberArk Software (NASDAQ:CYBR) had its price target increased by stock analysts at Barclays from $280.00 to $315.00 in a report released on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Barclays‘s price target suggests a potential upside of 16.71% from the company’s previous close.

A number of other brokerages have also commented on CYBR. Cantor Fitzgerald reiterated an “overweight” rating and set a $300.00 price target on shares of CyberArk Software in a report on Friday, June 21st. Canaccord Genuity Group decreased their price target on shares of CyberArk Software from $300.00 to $280.00 and set a “buy” rating for the company in a research note on Tuesday, June 4th. Rosenblatt Securities reaffirmed a “buy” rating and issued a $310.00 price target on shares of CyberArk Software in a research note on Wednesday, May 1st. Bank of America reaffirmed a “buy” rating and issued a $315.00 price target on shares of CyberArk Software in a research note on Wednesday, April 24th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $300.00 price target on shares of CyberArk Software in a research note on Tuesday, June 25th. Two investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to MarketBeat.com, CyberArk Software has a consensus rating of “Moderate Buy” and an average price target of $280.63.

CyberArk Software Stock Up 0.3 %

Shares of CYBR stock opened at $269.91 on Thursday. The firm has a 50 day moving average price of $250.38 and a two-hundred day moving average price of $247.43. The company has a market capitalization of $11.41 billion, a PE ratio of -421.73 and a beta of 1.14. CyberArk Software has a 12-month low of $142.92 and a 12-month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.51) by $0.67. The business had revenue of $221.55 million for the quarter, compared to analysts’ expectations of $213.42 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. As a group, research analysts expect that CyberArk Software will post -1.24 EPS for the current year.

Institutional Trading of CyberArk Software

A number of institutional investors have recently modified their holdings of CYBR. Montag A & Associates Inc. acquired a new stake in CyberArk Software in the 1st quarter worth approximately $27,000. Mather Group LLC. purchased a new position in CyberArk Software during the 2nd quarter worth approximately $27,000. Arcadia Investment Management Corp MI purchased a new position in CyberArk Software during the 1st quarter worth approximately $34,000. Blue Bell Private Wealth Management LLC purchased a new position in CyberArk Software during the 1st quarter worth approximately $34,000. Finally, FinTrust Capital Advisors LLC purchased a new position in CyberArk Software during the 4th quarter worth approximately $34,000. 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.