CyberArk Software Ltd. (NASDAQ:CYBR) Given Average Rating of “Moderate Buy” by Brokerages

CyberArk Software Ltd. (NASDAQ:CYBR) has received a consensus recommendation of “Moderate Buy” from the twenty-seven research firms that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating and twenty-six have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $346.52.

Several brokerages have recently issued reports on CYBR. Stifel Nicolaus boosted their price objective on CyberArk Software from $335.00 to $370.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Wedbush increased their price target on CyberArk Software from $300.00 to $325.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 1st. BTIG Research raised their price target on CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Wells Fargo & Company upped their price objective on shares of CyberArk Software from $350.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, January 2nd. Finally, Scotiabank initiated coverage on shares of CyberArk Software in a research note on Monday, October 21st. They set a “sector outperform” rating and a $340.00 target price on the stock.

CyberArk Software Stock Up 0.2 %

Shares of CYBR stock opened at $344.55 on Thursday. The company has a market cap of $15.01 billion, a P/E ratio of 1,276.16 and a beta of 1.13. The business has a 50 day moving average of $315.48 and a two-hundred day moving average of $289.05. CyberArk Software has a 52 week low of $213.37 and a 52 week high of $348.29.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The business had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same quarter in the previous year, the firm posted ($0.31) EPS. The business’s revenue for the quarter was up 25.6% compared to the same quarter last year. Analysts expect that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Hedge funds and other institutional investors have recently modified their holdings of the business. Assetmark Inc. lifted its stake in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after acquiring an additional 123 shares in the last quarter. Arcadia Investment Management Corp MI lifted its position in shares of CyberArk Software by 42.2% in the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after purchasing an additional 54 shares in the last quarter. Transcendent Capital Group LLC acquired a new stake in shares of CyberArk Software during the third quarter worth approximately $51,000. Future Financial Wealth Managment LLC acquired a new stake in shares of CyberArk Software during the third quarter worth approximately $87,000. Finally, Centaurus Financial Inc. purchased a new position in CyberArk Software during the second quarter valued at approximately $109,000. Institutional investors and hedge funds 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.