JMP Securities Issues Positive Forecast for CyberArk Software (NASDAQ:CYBR) Stock Price

CyberArk Software (NASDAQ:CYBR) had its price objective upped by JMP Securities from $390.00 to $480.00 in a research note issued to investors on Friday,Benzinga reports. JMP Securities currently has a market outperform rating on the technology company’s stock.

A number of other brokerages have also recently commented on CYBR. Stifel Nicolaus raised their price objective on CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Mizuho raised their price objective on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Morgan Stanley raised their price objective on CyberArk Software from $316.00 to $390.00 and gave the company an “equal weight” rating in a research note on Friday. Wells Fargo & Company lifted their target price on CyberArk Software from $410.00 to $425.00 and gave the company an “overweight” rating in a research report on Monday, January 27th. Finally, Scotiabank lifted their target price on CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research report on Tuesday, January 21st. Two analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $401.67.

CyberArk Software Price Performance

NASDAQ CYBR opened at $413.31 on Friday. The business has a 50 day simple moving average of $346.11 and a 200 day simple moving average of $306.73. CyberArk Software has a one year low of $223.09 and a one year high of $419.49. The stock has a market capitalization of $18.01 billion, a P/E ratio of 1,530.83 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. Equities analysts expect that CyberArk Software will post -0.58 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

Hedge funds have recently made changes to their positions in the stock. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of CyberArk Software in the fourth quarter valued at $25,000. TD Private Client Wealth LLC grew its position 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 valued at $26,000 after purchasing an additional 34 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of CyberArk Software in the fourth quarter valued at $39,000. Graney & King LLC purchased a new position in shares of CyberArk Software in the fourth quarter valued at $43,000. Finally, Montag A & Associates Inc. grew its position in CyberArk Software by 47.2% during the fourth quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock worth $44,000 after buying an additional 42 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

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.