CyberArk Software (NASDAQ:CYBR) Given New $465.00 Price Target at DA Davidson

CyberArk Software (NASDAQ:CYBR) had its target price hoisted by DA Davidson from $435.00 to $465.00 in a report issued on Thursday morning,Benzinga reports. DA Davidson currently has a buy rating on the technology company’s stock.

A number of other equities research analysts also recently commented on CYBR. Robert W. Baird raised their price objective on shares of CyberArk Software from $450.00 to $460.00 and gave the company an “outperform” rating in a research report on Wednesday, May 14th. Stifel Nicolaus lifted their price target on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Canaccord Genuity Group lifted their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Citigroup lifted their price target on shares of CyberArk Software from $410.00 to $450.00 and gave the company a “buy” rating in a research report on Monday, March 3rd. Finally, Roth Capital began coverage on shares of CyberArk Software in a research report on Tuesday, May 13th. They set a “buy” rating and a $415.00 price target for the company. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $416.79.

CyberArk Software Stock Down 0.9%

Shares of NASDAQ:CYBR opened at $392.12 on Thursday. The company has a market cap of $19.38 billion, a P/E ratio of -201.09 and a beta of 0.99. CyberArk Software has a 52 week low of $230.00 and a 52 week high of $421.00. The company has a 50-day moving average price of $358.12 and a 200 day moving average price of $351.07.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating analysts’ consensus estimates of $0.79 by $0.19. The firm had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The firm’s revenue was up 43.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.75 earnings per share. Analysts expect that CyberArk Software will post -0.47 EPS for the current year.

Institutional Trading of CyberArk Software

Several hedge funds and other institutional investors have recently bought and sold shares of CYBR. TD Private Client Wealth LLC grew its stake in CyberArk Software by 79.1% in the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after acquiring an additional 34 shares during the period. Golden State Wealth Management LLC grew its stake in CyberArk Software by 100.0% in the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock worth $26,000 after acquiring an additional 39 shares during the period. Whipplewood Advisors LLC grew its stake in CyberArk Software by 135.3% in the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock worth $27,000 after acquiring an additional 46 shares during the period. Bessemer Group Inc. grew its stake in CyberArk Software by 421.1% in the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after acquiring an additional 80 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in CyberArk Software in the 1st quarter worth approximately $34,000. 91.84% of the stock is owned by hedge funds and other institutional investors.

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.