Truist Financial Increases CyberArk Software (NASDAQ:CYBR) Price Target to $210.00

CyberArk Software (NASDAQ:CYBR) had its price objective hoisted by equities researchers at Truist Financial from $185.00 to $210.00 in a research note issued on Friday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. Truist Financial’s price target suggests a potential upside of 16.54% from the company’s previous close.

CYBR has been the subject of a number of other reports. Canaccord Genuity Group increased their price objective on CyberArk Software from $185.00 to $195.00 and gave the stock a “buy” rating in a report on Thursday, August 24th. DA Davidson increased their price objective on CyberArk Software from $185.00 to $200.00 and gave the stock a “buy” rating in a report on Friday, August 11th. Citigroup increased their price target on CyberArk Software from $180.00 to $190.00 and gave the company a “buy” rating in a research report on Tuesday, August 29th. Stephens increased their price target on CyberArk Software from $210.00 to $220.00 and gave the company an “overweight” rating in a research report on Friday. Finally, Wolfe Research increased their price target on CyberArk Software from $165.00 to $175.00 and gave the company an “outperform” rating in a research report on Thursday, August 10th. Three research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $192.41.

CyberArk Software Stock Up 3.9 %

NASDAQ:CYBR opened at $180.19 on Friday. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.25 and a current ratio of 2.25. The company has a market cap of $7.39 billion, a PE ratio of -64.12 and a beta of 0.99. CyberArk Software has a 52-week low of $113.19 and a 52-week high of $182.71. The stock has a 50-day simple moving average of $165.36 and a 200 day simple moving average of $155.42.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, August 10th. The technology company reported ($0.58) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.86) by $0.28. The business had revenue of $175.84 million during the quarter, compared to the consensus estimate of $173.20 million. CyberArk Software had a negative return on equity of 15.40% and a negative net margin of 17.55%. On average, sell-side analysts expect that CyberArk Software will post -2.37 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Hedge funds have recently added to or reduced their stakes in the company. 1832 Asset Management L.P. acquired a new stake in CyberArk Software during the 4th quarter worth approximately $33,000. Desjardins Global Asset Management Inc. bought a new position in CyberArk Software during the 2nd quarter worth $34,000. Assetmark Inc. increased its stake in shares of CyberArk Software by 62.1% in the 3rd quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after purchasing an additional 95 shares during the last quarter. Tucker Asset Management LLC bought a new position in shares of CyberArk Software in the 1st quarter valued at $44,000. Finally, UniSuper Management Pty Ltd bought a new position in shares of CyberArk Software in the 2nd quarter valued at $47,000. 92.14% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Company Profile

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.