1 week Ago By Defense World Staff
CyberArk Software ( NASDAQ:CYBR – Free Report ) had its price target lifted by DA Davidson from $360.00 to $390.00 in a research report released on Friday, Benzinga reports.
The brokerage currently has a buy rating on the technology company’s stock. Other equities analysts have also issued research reports about the company. Royal Bank of Canada lifted their price objective on CyberArk Software from $328.
00 to $358.00 and gave the company an “outperform” rating in a research note on Thursday, November 14th. Canaccord Genuity Group lifted their price target on CyberArk Software from $310.
00 to $330.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Wedbush upped their price objective on CyberArk Software from $300.
00 to $325.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 1st. BTIG Research raised their price objective on shares of CyberArk Software from $310.
00 to $325.00 and gave the stock a “buy” rating in a research note on Wednesday, October 9th. Finally, KeyCorp boosted their target price on shares of CyberArk Software from $340.
00 to $355.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. One investment analyst has rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company.
According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $345.22. View Our Latest Research Report on CYBR CyberArk Software Stock Performance CyberArk Software ( NASDAQ:CYBR – Get Free Report ) last posted its earnings results on Wednesday, November 13th.
The technology company reported $0.94 EPS for the quarter, beating 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 business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.
10 million. During the same quarter last year, the firm posted ($0.31) EPS.
The company’s revenue for the quarter was up 25.6% on a year-over-year basis. Analysts forecast that CyberArk Software will post -0.
58 earnings per share for the current year. Hedge Funds Weigh In On CyberArk Software A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC raised its holdings in shares of CyberArk Software by 23.
0% during the 2nd quarter. Farther Finance Advisors LLC now owns 1,023 shares of the technology company’s stock worth $276,000 after acquiring an additional 191 shares during the period. CIBC Asset Management Inc raised its stake in CyberArk Software by 6.
4% during the second quarter. CIBC Asset Management Inc now owns 3,814 shares of the technology company’s stock worth $1,043,000 after purchasing an additional 228 shares during the period. Foundations Investment Advisors LLC boosted its holdings in CyberArk Software by 36.
7% in the 2nd quarter. Foundations Investment Advisors LLC now owns 2,746 shares of the technology company’s stock valued at $751,000 after purchasing an additional 737 shares during the last quarter. TD Asset Management Inc grew its stake in shares of CyberArk Software by 3.
9% in the 2nd quarter. TD Asset Management Inc now owns 14,466 shares of the technology company’s stock valued at $3,955,000 after buying an additional 541 shares during the period. Finally, Arcadia Investment Management Corp MI increased its holdings in shares of CyberArk Software by 42.
2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after buying an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 91.
84% of the company’s stock. About CyberArk Software ( Get Free Report ) 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. Further Reading Five stocks we like better than CyberArk Software What is a Low P/E Ratio and What Does it Tell Investors? Insiders Are Selling, But These 3 Stocks Are Must-Buys Why Are These Companies Considered Blue Chips? Rivian Defies Doubters: Delivery Triumph Fuels Stock Surge How to Invest in Insurance Companies: A Guide Hindenburg Short Report Slams Carvana Over Alleged ‘Grift’ Receive News & Ratings for CyberArk Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CyberArk Software and related companies with MarketBeat.com's FREE daily email newsletter .
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