CyberArk Software (NASDAQ:CYBR) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

CyberArk Software (NASDAQ:CYBR) had its price target lifted by investment analysts at Wells Fargo & Company from $410.00 to $425.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the technology company’s stock. Wells Fargo & Company‘s target price suggests a potential upside of 13.18% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. StockNews.com raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Royal Bank of Canada lifted their target price on CyberArk Software from $385.00 to $410.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 21st. Morgan Stanley reissued an “equal weight” rating and issued a $316.00 price target on shares of CyberArk Software in a report on Tuesday, December 31st. Wedbush raised their price objective on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $360.00 target price on shares of CyberArk Software in a research report on Tuesday, January 14th. One research analyst has rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $363.56.

CyberArk Software Trading Up 4.5 %

Shares of CyberArk Software stock opened at $375.50 on Monday. CyberArk Software has a twelve month low of $223.09 and a twelve month high of $375.86. The stock has a market cap of $16.36 billion, a price-to-earnings ratio of 1,390.79 and a beta of 1.13. The company has a fifty day moving average price of $332.21 and a 200 day moving average price of $297.43.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.31) earnings per share. Analysts forecast that CyberArk Software will post -0.58 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of CYBR. Coldstream Capital Management Inc. boosted its position in shares of CyberArk Software by 3.5% during the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock valued at $359,000 after purchasing an additional 42 shares in the last quarter. Greenleaf Trust boosted its holdings in CyberArk Software by 2.5% during the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after buying an additional 45 shares in the last quarter. Signaturefd LLC grew its position in CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after buying an additional 49 shares during the last quarter. Austin Private Wealth LLC increased its holdings in shares of CyberArk Software by 6.8% in the third quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after buying an additional 52 shares in the last quarter. Finally, Juncture Wealth Strategies LLC increased its holdings in shares of CyberArk Software by 2.1% in the third quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock valued at $825,000 after buying an additional 57 shares in the last quarter. 91.84% of the stock is owned by institutional investors and hedge funds.

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.