CyberArk Software (NASDAQ:CYBR) Given New $440.00 Price Target at Barclays

CyberArk Software (NASDAQ:CYBR - Get Free Report) had its target price lifted by Barclays from $405.00 to $440.00 in a report released on Monday,Benzinga reports. The firm currently has an "overweight" rating on the technology company's stock. Barclays's target price points to a potential upside of 16.41% from the stock's current price.

A number of other research firms have also commented on CYBR. Truist Financial decreased their price objective on CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. DA Davidson upped their target price on CyberArk Software from $435.00 to $465.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Robert W. Baird raised their price target on CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 14th. Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Cantor Fitzgerald reissued an "overweight" rating and issued a $400.00 target price on shares of CyberArk Software in a research report on Tuesday, May 13th. Two investment 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 company's stock. According to data from MarketBeat, CyberArk Software has a consensus rating of "Moderate Buy" and a consensus target price of $418.04.

CyberArk Software Stock Up 0.8%

Shares of CyberArk Software stock traded up $3.16 during trading on Monday, reaching $377.97. The company's stock had a trading volume of 628,806 shares, compared to its average volume of 576,293. The business has a 50 day moving average price of $383.37 and a 200-day moving average price of $363.20. CyberArk Software has a 12-month low of $230.00 and a 12-month high of $421.00. The company has a market capitalization of $18.68 billion, a P/E ratio of -203.21 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The business had revenue of $317.60 million during the quarter, compared to the consensus estimate of $305.57 million. During the same quarter last year, the firm posted $0.75 EPS. The business's revenue was up 43.3% compared to the same quarter last year. Research analysts predict that CyberArk Software will post -0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Institutional investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its stake 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 in the last quarter. Golden State Wealth Management LLC grew its stake in shares of CyberArk Software by 100.0% during 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 during the period. Whipplewood Advisors LLC increased its holdings 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 buying an additional 46 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of CyberArk Software during the 2nd quarter valued at $30,000. Finally, Bessemer Group Inc. raised its holdings in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after acquiring an additional 80 shares during the period. Institutional investors own 91.84% of the company's stock.

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.