CyberArk Software (NASDAQ:CYBR - Get Free Report) had its target price upped by JPMorgan Chase & Co. from $355.00 to $375.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the technology company's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 19.67% from the company's current price.
A number of other equities analysts have also weighed in on CYBR. Scotiabank initiated coverage on CyberArk Software in a research note on Monday, October 21st. They set a "sector outperform" rating and a $340.00 price objective on the stock. Piper Sandler boosted their price target on shares of CyberArk Software from $300.00 to $345.00 and gave the company an "overweight" rating in a research report on Thursday, November 14th. Susquehanna raised their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a "positive" rating in a research report on Thursday, November 14th. Mizuho boosted their target price on shares of CyberArk Software from $345.00 to $365.00 and gave the company an "outperform" rating in a report on Friday. Finally, StockNews.com upgraded shares of CyberArk Software from a "hold" rating to a "buy" rating in a report on Monday, December 9th. One research analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, CyberArk Software presently has an average rating of "Moderate Buy" and a consensus price target of $334.56.
Check Out Our Latest Stock Analysis on CYBR
NASDAQ CYBR opened at $313.36 on Monday. The stock has a market capitalization of $13.65 billion, a price-to-earnings ratio of 1,160.64 and a beta of 1.13. The stock has a 50-day moving average of $302.84 and a 200 day moving average of $278.70. CyberArk Software has a twelve month low of $198.01 and a twelve month high of $333.32.
CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, topping analysts' consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company had revenue of $240.10 million during the quarter, compared to analysts' expectations of $234.10 million. During the same period in the prior year, the business posted ($0.31) earnings per share. The firm's revenue for the quarter was up 25.6% on a year-over-year basis. Equities analysts predict that CyberArk Software will post -0.58 EPS for the current fiscal year.
Several institutional investors have recently added to or reduced their stakes in the stock. Ensign Peak Advisors Inc purchased a new stake in CyberArk Software in the 2nd quarter valued at approximately $711,000. HighTower Advisors LLC increased its holdings in shares of CyberArk Software by 16.6% in the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company's stock valued at $4,212,000 after purchasing an additional 2,062 shares in the last quarter. Sycomore Asset Management lifted its stake in shares of CyberArk Software by 36.6% in the second quarter. Sycomore Asset Management now owns 60,781 shares of the technology company's stock valued at $15,973,000 after purchasing an additional 16,294 shares during the period. Groupama Asset Managment grew its position in CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company's stock worth $304,000 after buying an additional 5,402 shares during the period. Finally, Jennison Associates LLC increased its holdings in CyberArk Software by 0.8% in the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company's stock valued at $353,386,000 after buying an additional 9,570 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.
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.
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