Mizuho Raises CyberArk Software (NASDAQ:CYBR) Price Target to $365.00

CyberArk Software (NASDAQ:CYBR) had its target price raised by stock analysts at Mizuho from $345.00 to $365.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Mizuho’s price objective indicates a potential upside of 13.52% from the company’s previous close.

Several other analysts also recently weighed in on CYBR. StockNews.com raised shares of CyberArk Software from a “hold” rating to a “buy” rating in a research report on Monday. Piper Sandler boosted their price objective on shares of CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a report on Thursday, November 14th. Wells Fargo & Company raised their target price on CyberArk Software from $300.00 to $350.00 and gave the stock an “overweight” rating in a research note on Thursday, November 14th. Cantor Fitzgerald reiterated an “overweight” rating and set a $335.00 price target on shares of CyberArk Software in a research note on Thursday, November 14th. Finally, Scotiabank initiated coverage on CyberArk Software in a research note on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 price objective for the company. One analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $333.00.

CyberArk Software Trading Down 0.8 %

Shares of CYBR stock opened at $321.54 on Friday. The company has a market cap of $14.01 billion, a PE ratio of 1,190.93 and a beta of 1.13. CyberArk Software has a 12-month low of $198.01 and a 12-month high of $333.32. The business’s fifty day simple moving average is $302.18 and its 200-day simple moving average is $277.92.

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

Institutional Trading of CyberArk Software

Institutional investors and hedge funds have recently made changes to their positions in the business. ORG Partners LLC acquired a new stake in CyberArk Software in the 2nd quarter valued at $33,000. 1620 Investment Advisors Inc. acquired a new stake in shares of CyberArk Software in the second quarter valued at about $39,000. Assetmark Inc. grew its position in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the period. Arcadia Investment Management Corp MI increased its stake in shares of CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after purchasing an additional 54 shares in the last quarter. Finally, Transcendent Capital Group LLC acquired a new position in shares of CyberArk Software during the 3rd quarter worth about $51,000. 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.