CyberArk Software’s (CYBR) “Market Outperform” Rating Reiterated at JMP Securities

CyberArk Software (NASDAQ:CYBR)‘s stock had its “market outperform” rating restated by analysts at JMP Securities in a research note issued to investors on Tuesday,Benzinga reports. They presently have a $360.00 price objective on the technology company’s stock. JMP Securities’ price objective would indicate a potential upside of 6.56% from the stock’s previous close.

A number of other equities analysts also recently issued reports on CYBR. JPMorgan Chase & Co. increased their price target on CyberArk Software from $355.00 to $375.00 and gave the stock an “overweight” rating in a research report on Monday, December 16th. Cantor Fitzgerald reiterated an “overweight” rating and set a $335.00 price target on shares of CyberArk Software in a research report on Thursday, November 14th. KeyCorp increased their price target on CyberArk Software from $340.00 to $355.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Canaccord Genuity Group increased their price target on CyberArk Software from $310.00 to $330.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Finally, Scotiabank initiated coverage on CyberArk Software in a report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price for the company. One analyst has rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $350.22.

CyberArk Software Stock Down 1.7 %

Shares of CYBR opened at $337.83 on Tuesday. CyberArk Software has a 52 week low of $221.12 and a 52 week high of $348.29. The company has a market capitalization of $14.72 billion, a price-to-earnings ratio of 1,251.27 and a beta of 1.13. The stock’s 50-day moving average price is $319.47 and its 200-day moving average price is $290.87.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. During the same quarter in the prior year, the business earned ($0.31) earnings per share. The company’s revenue was up 25.6% compared to the same quarter last year. As a group, equities analysts anticipate that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

A number of hedge funds and other institutional investors have recently bought and sold shares of CYBR. Choreo LLC acquired a new stake in shares of CyberArk Software during the second quarter worth about $302,000. DekaBank Deutsche Girozentrale increased its position in shares of CyberArk Software by 10.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,444 shares of the technology company’s stock worth $657,000 after purchasing an additional 229 shares in the last quarter. Oppenheimer Asset Management Inc. increased its position in shares of CyberArk Software by 31.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 13,333 shares of the technology company’s stock worth $3,646,000 after purchasing an additional 3,208 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of CyberArk Software by 506.7% during the second quarter. Dimensional Fund Advisors LP now owns 6,565 shares of the technology company’s stock worth $1,795,000 after purchasing an additional 5,483 shares in the last quarter. Finally, Primecap Management Co. CA increased its position in shares of CyberArk Software by 0.5% during the second quarter. Primecap Management Co. CA now owns 61,850 shares of the technology company’s stock worth $16,911,000 after purchasing an additional 300 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Company Profile

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.