Cyberark Software (CYBR) Price Target Raised to $130.00

Cyberark Software (NASDAQ:CYBR) had its target price raised by Citigroup from $111.00 to $130.00 in a research note published on Wednesday morning, The Fly reports. The brokerage currently has an outperform rating on the technology company’s stock.

CYBR has been the topic of a number of other research reports. Wedbush increased their price objective on shares of Cyberark Software to $140.00 and gave the stock an outperform rating in a report on Friday, March 22nd. Zacks Investment Research lowered shares of Cyberark Software from a buy rating to a hold rating in a research note on Tuesday, April 16th. Mizuho assumed coverage on shares of Cyberark Software in a research note on Tuesday, March 26th. They issued a buy rating and a $135.00 target price on the stock. BidaskClub lowered shares of Cyberark Software from a strong-buy rating to a buy rating in a research note on Tuesday, May 14th. Finally, Barclays raised their target price on shares of Cyberark Software from $112.00 to $122.00 and gave the company an equal weight rating in a research note on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Cyberark Software presently has a consensus rating of Buy and an average target price of $107.55.

Shares of NASDAQ:CYBR opened at $128.81 on Wednesday. Cyberark Software has a 12 month low of $58.63 and a 12 month high of $133.49. The stock has a market cap of $4.75 billion, a price-to-earnings ratio of 90.08, a P/E/G ratio of 6.82 and a beta of 1.87.

Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings data on Tuesday, May 14th. The technology company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.33. Cyberark Software had a net margin of 14.79% and a return on equity of 12.73%. The firm had revenue of $95.94 million for the quarter, compared to analyst estimates of $92.42 million. During the same quarter in the prior year, the firm earned $0.32 EPS. The company’s revenue was up 33.7% on a year-over-year basis. On average, equities analysts forecast that Cyberark Software will post 1.18 earnings per share for the current year.

A number of institutional investors have recently added to or reduced their stakes in CYBR. Neuberger Berman Group LLC boosted its stake in Cyberark Software by 7.2% during the 3rd quarter. Neuberger Berman Group LLC now owns 317,299 shares of the technology company’s stock worth $25,333,000 after acquiring an additional 21,188 shares during the last quarter. TIAA CREF Investment Management LLC boosted its stake in Cyberark Software by 6.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 94,637 shares of the technology company’s stock worth $7,556,000 after acquiring an additional 5,861 shares during the last quarter. Nordea Investment Management AB bought a new position in Cyberark Software during the 3rd quarter worth approximately $4,976,000. Cerebellum GP LLC bought a new position in Cyberark Software during the 4th quarter worth approximately $41,000. Finally, Navellier & Associates Inc bought a new position in Cyberark Software during the 4th quarter worth approximately $985,000. 80.76% of the stock is currently owned by institutional investors and hedge funds.

Cyberark Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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