CyberArk Software Ltd. (NASDAQ:CYBR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have received an average recommendation of “Moderate Buy” from the twenty-five ratings firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and twenty-four have assigned a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $311.44.

Several research firms recently issued reports on CYBR. BTIG Research lifted their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a report on Wednesday, October 9th. Oppenheimer boosted their price target on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 22nd. Susquehanna increased their price objective on CyberArk Software from $310.00 to $320.00 and gave the company a “positive” rating in a research note on Friday, August 9th. Jefferies Financial Group lifted their target price on shares of CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Finally, Scotiabank started coverage on shares of CyberArk Software in a research report on Monday, October 21st. They issued a “sector outperform” rating and a $340.00 target price for the company.

Institutional Trading of CyberArk Software

Several institutional investors have recently added to or reduced their stakes in the stock. Mather Group LLC. acquired a new position in CyberArk Software in the 2nd quarter valued at about $27,000. ORG Partners LLC acquired a new position in shares of CyberArk Software in the second quarter valued at approximately $33,000. Assetmark Inc. increased its stake in CyberArk Software by 1,025.0% during the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after buying an additional 123 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in CyberArk Software during the 2nd quarter worth approximately $39,000. Finally, Transcendent Capital Group LLC acquired a new stake in CyberArk Software during the 3rd quarter worth approximately $51,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Up 2.1 %

Shares of NASDAQ CYBR opened at $300.76 on Wednesday. The firm has a market cap of $13.10 billion, a price-to-earnings ratio of -939.88 and a beta of 1.13. The company’s 50-day simple moving average is $282.91 and its 200-day simple moving average is $265.83. CyberArk Software has a 52-week low of $181.11 and a 52-week high of $308.63.

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.