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

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have received a consensus rating of “Moderate Buy” from the twenty-seven brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold recommendation and twenty-six have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $414.07.

A number of analysts have weighed in on CYBR shares. Cantor Fitzgerald restated an “overweight” rating and issued a $415.00 price target on shares of CyberArk Software in a research note on Monday, January 27th. Susquehanna increased their price target on shares of CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research note on Thursday, November 14th. Barclays boosted their price objective on shares of CyberArk Software from $375.00 to $450.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. DA Davidson reiterated a “buy” rating and set a $475.00 price target on shares of CyberArk Software in a research note on Tuesday. Finally, UBS Group raised their price objective on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th.

CyberArk Software Stock Performance

Shares of CyberArk Software stock opened at $370.18 on Friday. The firm has a 50-day simple moving average of $357.54 and a two-hundred day simple moving average of $314.85. The company has a market cap of $16.13 billion, a P/E ratio of -189.84 and a beta of 1.15. CyberArk Software has a fifty-two week low of $223.41 and a fifty-two week high of $421.00.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. Equities research analysts forecast that CyberArk Software will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Thoma Bravo L.P. acquired a new stake in shares of CyberArk Software in the fourth quarter worth approximately $380,637,000. Norges Bank acquired a new stake in shares of CyberArk Software during the 4th quarter worth $203,375,000. Nepsis Inc. raised its position in shares of CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after buying an additional 505,088 shares during the period. Jennison Associates LLC boosted its holdings in CyberArk Software by 32.3% in the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after acquiring an additional 391,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC grew its position in CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock valued at $170,614,000 after acquiring an additional 336,462 shares during the period. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Company Profile

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.