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

CyberArk Software Ltd. (NASDAQ:CYBR) has received a consensus rating of “Moderate Buy” from the twenty-seven analysts that are covering the company, MarketBeat Ratings 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 target among brokerages that have updated their coverage on the stock in the last year is $401.67.

Several research analysts recently commented on CYBR shares. Susquehanna increased their target price on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. Cantor Fitzgerald restated an “overweight” rating and set a $415.00 price objective on shares of CyberArk Software in a research note on Monday, January 27th. Canaccord Genuity Group lifted their target price on CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Piper Sandler upped their target price on CyberArk Software from $380.00 to $440.00 and gave the stock an “overweight” rating in a report on Thursday, February 6th. Finally, Scotiabank raised their price target on CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st.

CyberArk Software Price Performance

Shares of CyberArk Software stock opened at $400.97 on Friday. The firm has a market cap of $17.47 billion, a price-to-earnings ratio of -205.63 and a beta of 1.15. CyberArk Software has a one year low of $223.09 and a one year high of $421.00. The stock’s 50-day moving average is $355.03 and its 200-day moving average is $312.10.

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

Institutional Investors Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently modified their holdings of the company. Thurston Springer Miller Herd & Titak Inc. bought a new position in CyberArk Software during the fourth quarter worth about $25,000. TD Private Client Wealth LLC grew its position in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Assetmark Inc. increased its holdings in shares of CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $39,000. Finally, Graney & King LLC acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $43,000. 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.