CyberArk Software (NASDAQ:CYBR) Given New $444.00 Price Target at Stifel Nicolaus

CyberArk Software (NASDAQ:CYBR) had its price target boosted by Stifel Nicolaus from $370.00 to $444.00 in a research note released on Friday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the company. Royal Bank of Canada raised 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. JPMorgan Chase & Co. raised their target price on CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday. DA Davidson raised their target price on CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research report on Friday, January 3rd. Citigroup raised their target price on CyberArk Software from $355.00 to $410.00 and gave the stock a “buy” rating in a research report on Friday, January 17th. Finally, Susquehanna lifted their price target on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research report on Thursday, November 14th. Two equities research analysts have rated the stock with a hold rating and twenty-six have given a buy rating to the company. According to data from MarketBeat.com, CyberArk Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $401.67.

CyberArk Software Price Performance

CYBR stock opened at $413.31 on Friday. The firm has a market capitalization of $18.01 billion, a P/E ratio of 1,530.83 and a beta of 1.15. The business’s 50-day moving average is $346.11 and its two-hundred day moving average is $306.73. CyberArk Software has a 1 year low of $223.09 and a 1 year high of $419.49.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. On average, analysts expect that CyberArk Software will post -0.58 EPS for the current year.

Institutional Trading of CyberArk Software

A number of institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its stake in shares of CyberArk Software by 221.3% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 3,081 shares of the technology company’s stock valued at $1,027,000 after buying an additional 2,122 shares in the last quarter. Soros Fund Management LLC purchased a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $46,747,000. Schonfeld Strategic Advisors LLC boosted its stake in shares of CyberArk Software by 1.2% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 62,643 shares of the technology company’s stock valued at $20,870,000 after buying an additional 733 shares in the last quarter. Lido Advisors LLC purchased a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $740,000. Finally, Northern Trust Corp boosted its stake in shares of CyberArk Software by 63.1% in the fourth quarter. Northern Trust Corp now owns 219,964 shares of the technology company’s stock valued at $73,281,000 after buying an additional 85,062 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other 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.