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

CyberArk Software Ltd. (NASDAQ:CYBR) has received an average recommendation of “Moderate Buy” from the twenty-seven analysts that are covering the company, 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 price objective among brokerages that have updated their coverage on the stock in the last year is $358.74.

A number of research analysts have commented on CYBR shares. Royal Bank of Canada increased their price objective on CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a research report on Tuesday, January 21st. Susquehanna raised their target price 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. Mizuho lifted their price target on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Piper Sandler raised their price objective on shares of CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, Citigroup upped their target price on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research report on Friday, January 17th.

Hedge Funds Weigh In On CyberArk Software

Several institutional investors have recently modified their holdings of the business. Nepsis Inc. grew its stake in CyberArk Software by 882.4% in the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after purchasing an additional 505,088 shares during the period. Jennison Associates LLC increased its holdings in CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after buying an additional 391,900 shares during the last quarter. International Assets Investment Management LLC bought a new stake in CyberArk Software in the third quarter worth about $82,485,000. Clearbridge Investments LLC boosted its stake in CyberArk Software by 250.0% in the second quarter. Clearbridge Investments LLC now owns 224,381 shares of the technology company’s stock valued at $61,350,000 after acquiring an additional 160,269 shares during the last quarter. Finally, Swedbank AB lifted its holdings in CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock valued at $181,600,000 after purchasing an additional 87,201 shares during the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Price Performance

NASDAQ CYBR opened at $359.72 on Monday. The stock’s 50 day simple moving average is $329.93 and its 200 day simple moving average is $296.06. CyberArk Software has a one year low of $223.09 and a one year high of $366.48. The firm has a market cap of $15.67 billion, a PE ratio of 1,332.35 and a beta of 1.13.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results 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. The business had revenue of $240.10 million during the quarter, compared to analysts’ expectations of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.31) earnings per share. As a group, equities analysts expect that CyberArk Software will post -0.58 earnings per share for the current year.

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.