CyberArk Software (NASDAQ:CYBR) Price Target Raised to $460.00

CyberArk Software (NASDAQ:CYBR) had its price target boosted by Robert W. Baird from $450.00 to $460.00 in a research note released on Wednesday,Benzinga reports. Robert W. Baird currently has an outperform rating on the technology company’s stock.

CYBR has been the topic of a number of other reports. Rosenblatt Securities restated a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a research note on Tuesday. Morgan Stanley reiterated an “equal weight” rating on shares of CyberArk Software in a research note on Tuesday. Needham & Company LLC reiterated a “buy” rating and issued a $480.00 target price on shares of CyberArk Software in a research note on Thursday, March 20th. Wells Fargo & Company upped their price target on CyberArk Software from $425.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, February 14th. Finally, Royal Bank of Canada reiterated an “outperform” rating and issued a $420.00 target price on shares of CyberArk Software in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $415.71.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $355.00 on Wednesday. The firm has a market capitalization of $17.55 billion, a PE ratio of -182.05 and a beta of 0.99. CyberArk Software has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The stock’s 50-day simple moving average is $343.15 and its 200-day simple moving average is $340.50.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. On average, sell-side analysts forecast that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Trading of CyberArk Software

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new stake in CyberArk Software during the 4th quarter valued at $25,000. TD Private Client Wealth LLC boosted its position in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after buying an additional 34 shares during the period. Golden State Wealth Management LLC boosted its position in CyberArk Software by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after purchasing an additional 39 shares during the last quarter. Whipplewood Advisors LLC boosted its position in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock valued at $27,000 after purchasing an additional 46 shares during the last quarter. Finally, Bessemer Group Inc. lifted its position in shares of CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after buying an additional 80 shares during the last quarter. 91.84% of the stock is currently 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.