Cyberark Software (NASDAQ:CYBR)‘s stock had its “outperform” rating restated by equities research analysts at JMP Securities in a note issued to investors on Tuesday, The Fly reports. They currently have a $135.00 price target on the technology company’s stock, up from their previous price target of $130.00. JMP Securities’ price target indicates a potential upside of 7.04% from the stock’s current price.

A number of other equities research analysts have also recently commented on the stock. Morgan Stanley set a $126.00 price objective on shares of Cyberark Software and gave the company a “buy” rating in a research note on Friday, February 15th. Wedbush increased their price objective on shares of Cyberark Software from $95.00 to $130.00 and gave the company an “outperform” rating in a research note on Friday, February 15th. Barclays increased their price objective on shares of Cyberark Software from $112.00 to $122.00 and gave the company an “equal weight” rating in a research note on Friday, April 12th. UBS Group lowered shares of Cyberark Software from a “buy” rating to a “neutral” rating and upped their target price for the company from $119.00 to $132.00 in a report on Thursday, April 25th. Finally, FBN Securities began coverage on shares of Cyberark Software in a report on Tuesday, March 19th. They issued an “outperform” rating and a $130.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $107.55.

Shares of NASDAQ CYBR opened at $126.12 on Tuesday. The stock has a market capitalization of $4.47 billion, a P/E ratio of 88.20, a price-to-earnings-growth ratio of 5.33 and a beta of 1.87. Cyberark Software has a 52 week low of $58.39 and a 52 week high of $133.49.

Cyberark Software (NASDAQ:CYBR) last issued its quarterly earnings data on Tuesday, May 14th. The technology company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.33. The firm had revenue of $95.94 million for the quarter, compared to analysts’ expectations of $92.42 million. Cyberark Software had a net margin of 13.72% and a return on equity of 12.24%. The firm’s revenue was up 33.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 EPS. Equities analysts anticipate that Cyberark Software will post 1.11 earnings per share for the current year.

A number of large investors have recently added to or reduced their stakes in CYBR. Cavalier Investments LLC purchased a new position in shares of Cyberark Software during the 4th quarter worth about $249,000. Davis R M Inc. lifted its holdings in shares of Cyberark Software by 3.9% during the 4th quarter. Davis R M Inc. now owns 237,266 shares of the technology company’s stock worth $17,591,000 after acquiring an additional 8,807 shares during the period. Raymond James & Associates lifted its holdings in shares of Cyberark Software by 50.8% during the 4th quarter. Raymond James & Associates now owns 21,266 shares of the technology company’s stock worth $1,577,000 after acquiring an additional 7,164 shares during the period. Meritage Portfolio Management lifted its holdings in shares of Cyberark Software by 80.4% during the 1st quarter. Meritage Portfolio Management now owns 138,973 shares of the technology company’s stock worth $16,545,000 after acquiring an additional 61,954 shares during the period. Finally, Oppenheimer & Co. Inc. purchased a new position in shares of Cyberark Software during the 4th quarter worth about $1,051,000. Institutional investors own 80.76% of the company’s stock.

About Cyberark Software

CyberArk Software Ltd., together with its subsidiaries, provides software-based security solutions and services for organizations to safeguard and monitor their privileged accounts. The company's solutions include Core Privileged Access Security for risk-based credential security and session management with add-on options for least privilege server and domain controller protection; Application Access Manager for secrets management for applications, tools, containers, and DevOps; and Endpoint Privilege Manager for least privilege and credential theft protection for workstations.

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Analyst Recommendations for Cyberark Software (NASDAQ:CYBR)

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