Robert W. Baird Boosts CyberArk Software (NASDAQ:CYBR) Price Target to $465.00

CyberArk Software (NASDAQ:CYBR) had its target price boosted by Robert W. Baird from $455.00 to $465.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Robert W. Baird’s target price indicates a potential upside of 24.09% from the company’s current price.

Several other equities analysts also recently issued reports on CYBR. Oppenheimer lifted their price target on shares of CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a report on Wednesday, February 5th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $415.00 target price on shares of CyberArk Software in a research note on Monday, January 27th. Barclays increased their price target on CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Citigroup lifted their price objective on CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, January 17th. Finally, Susquehanna boosted their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a research note on Thursday, November 14th. Two research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $405.19.

CyberArk Software Trading Down 2.2 %

NASDAQ CYBR opened at $374.73 on Tuesday. CyberArk Software has a 1-year low of $223.41 and a 1-year high of $421.00. The company has a market capitalization of $16.33 billion, a price-to-earnings ratio of -192.17 and a beta of 1.15. The stock’s 50 day moving average is $357.54 and its two-hundred day moving average is $314.85.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly 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 negative net margin of 9.34% and a positive return on equity of 0.45%. On average, analysts predict that CyberArk Software will post -0.47 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of CYBR. Mackenzie Financial Corp increased its holdings in CyberArk Software by 4.2% during the 4th quarter. Mackenzie Financial Corp now owns 2,942 shares of the technology company’s stock worth $980,000 after purchasing an additional 119 shares in the last quarter. Continuum Advisory LLC grew its holdings in shares of CyberArk Software by 0.6% during the fourth quarter. Continuum Advisory LLC now owns 7,871 shares of the technology company’s stock worth $2,622,000 after buying an additional 48 shares in the last quarter. USS Investment Management Ltd raised its position in CyberArk Software by 9.2% in the 4th quarter. USS Investment Management Ltd now owns 8,350 shares of the technology company’s stock valued at $2,784,000 after buying an additional 705 shares during the last quarter. Vident Advisory LLC lifted its stake in CyberArk Software by 31.9% in the 4th quarter. Vident Advisory LLC now owns 54,266 shares of the technology company’s stock valued at $18,079,000 after acquiring an additional 13,134 shares in the last quarter. Finally, Spyglass Capital Management LLC acquired a new position in CyberArk Software during the 4th quarter worth approximately $38,719,000. 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.