CyberArk Software (NASDAQ:CYBR – Get Rating) had its target price raised by equity research analysts at Barclays from $150.00 to $158.00 in a report released on Friday, The Fly reports. The brokerage presently has an “overweight” rating on the technology company’s stock. Barclays’s price target would suggest a potential upside of 8.89% from the company’s previous close.
Several other research firms also recently commented on CYBR. Mizuho reduced their price target on shares of CyberArk Software from $185.00 to $175.00 and set a “buy” rating for the company in a research report on Friday, January 20th. Needham & Company LLC upped their price objective on shares of CyberArk Software from $175.00 to $180.00 and gave the stock a “buy” rating in a research report on Friday, November 4th. DA Davidson initiated coverage on shares of CyberArk Software in a research report on Thursday, December 15th. They set a “buy” rating and a $175.00 price objective for the company. JPMorgan Chase & Co. initiated coverage on shares of CyberArk Software in a research report on Tuesday, January 24th. They set a “neutral” rating and a $147.00 price objective for the company. Finally, Morgan Stanley cut their price objective on shares of CyberArk Software from $162.00 to $160.00 and set an “overweight” rating for the company in a research report on Tuesday, January 24th. One analyst has rated the stock with a sell rating, four have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $171.35.
CyberArk Software Stock Down 0.1 %
CYBR stock opened at $145.10 on Friday. The company has a fifty day moving average price of $132.52 and a 200 day moving average price of $142.35. CyberArk Software has a 12 month low of $100.35 and a 12 month high of $180.01. The company has a market cap of $5.91 billion, a price-to-earnings ratio of -45.20 and a beta of 1.05. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.66 and a quick ratio of 2.66.
Institutional Investors Weigh In On CyberArk Software
Large investors have recently added to or reduced their stakes in the business. Ellevest Inc. boosted its stake in shares of CyberArk Software by 480.0% during the 3rd quarter. Ellevest Inc. now owns 174 shares of the technology company’s stock worth $26,000 after purchasing an additional 144 shares during the last quarter. Wipfli Financial Advisors LLC acquired a new stake in shares of CyberArk Software during the 3rd quarter worth about $40,000. Private Trust Co. NA acquired a new stake in shares of CyberArk Software during the 2nd quarter worth about $36,000. Achmea Investment Management BV acquired a new stake in shares of CyberArk Software during the 4th quarter worth about $35,000. Finally, Heritage Wealth Management LLC acquired a new stake in shares of CyberArk Software during the 2nd quarter worth about $40,000. 91.52% of the stock is owned by institutional investors and hedge funds.
About CyberArk Software
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CyberArk Software Ltd. engages in the development, market, and sale of access security software solutions. The firm’s products include Privilege, Access, and DevSecOps. It offers its products and services to banking, insurance, healthcare, and federal industries. The company was founded by Udi Mokady and Alon Cohen in 1999 and is headquartered in Petah Tikva, Israel.
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