DA Davidson Issues Positive Forecast for CyberArk Software (NASDAQ:CYBR) Stock Price

CyberArk Software (NASDAQ:CYBR) had its target price lifted by DA Davidson from $415.00 to $435.00 in a report released on Tuesday morning,Benzinga reports. DA Davidson currently has a buy rating on the technology company’s stock.

Other equities research analysts have also issued research reports about the stock. Piper Sandler boosted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. KeyCorp lowered their price target on shares of CyberArk Software from $485.00 to $425.00 and set an “overweight” rating on the stock in a report on Thursday, April 17th. Robert W. Baird upped their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 25th. Stifel Nicolaus increased their target price 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. Finally, JPMorgan Chase & Co. raised their price objective on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 11th. Two equities research 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $415.89.

CyberArk Software Stock Performance

CYBR opened at $361.29 on Tuesday. CyberArk Software has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The stock has a market capitalization of $17.86 billion, a price-to-earnings ratio of -185.28 and a beta of 0.99. The company has a fifty day moving average of $341.44 and a 200 day moving average of $339.45.

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

Institutional Trading of CyberArk Software

Several institutional investors have recently modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of CyberArk Software in the 4th quarter valued at $25,000. TD Private Client Wealth LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 34 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings 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 valued at $26,000 after purchasing an additional 39 shares in the last quarter. Whipplewood Advisors LLC increased its stake in shares of CyberArk Software by 135.3% during the 1st quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock valued at $27,000 after acquiring an additional 46 shares during the last quarter. Finally, Bessemer Group Inc. increased its position in CyberArk Software by 421.1% during the 1st quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock worth $33,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

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.