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

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have received a consensus recommendation of “Moderate Buy” from the twenty-seven analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and twenty-six have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $328.37.

A number of research firms recently issued reports on CYBR. Cantor Fitzgerald reissued an “overweight” rating and issued a $335.00 price target on shares of CyberArk Software in a research note on Thursday, November 14th. Piper Sandler increased their target price on CyberArk Software from $300.00 to $345.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Stifel Nicolaus lifted their price target on CyberArk Software from $306.00 to $335.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Susquehanna increased their price objective on CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Finally, UBS Group raised their price objective on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th.

Institutional Investors Weigh In On CyberArk Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. boosted its stake in shares of CyberArk Software by 3.5% in the 3rd quarter. Coldstream Capital Management Inc. now owns 1,230 shares of the technology company’s stock worth $359,000 after buying an additional 42 shares during the last quarter. Greenleaf Trust lifted its holdings in CyberArk Software by 2.5% in the third quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock valued at $533,000 after acquiring an additional 45 shares during the period. Signaturefd LLC boosted its position in CyberArk Software by 4.2% in the third quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after purchasing an additional 49 shares during the last quarter. Austin Private Wealth LLC grew its stake in shares of CyberArk Software by 6.8% during the 3rd quarter. Austin Private Wealth LLC now owns 815 shares of the technology company’s stock valued at $238,000 after purchasing an additional 52 shares during the period. Finally, Arcadia Investment Management Corp MI increased its position in shares of CyberArk Software by 42.2% during the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Performance

NASDAQ CYBR opened at $323.22 on Friday. The stock has a market cap of $14.08 billion, a P/E ratio of 1,197.16 and a beta of 1.13. CyberArk Software has a fifty-two week low of $198.01 and a fifty-two week high of $333.32. The stock has a 50 day simple moving average of $299.12 and a two-hundred day simple moving average of $276.01.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping 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 company had revenue of $240.10 million during the quarter, compared to analyst estimates of $234.10 million. During the same quarter last year, the firm posted ($0.31) earnings per share. The firm’s revenue was up 25.6% on a year-over-year basis. Sell-side analysts predict that CyberArk Software will post -0.58 earnings per share for the current year.

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.