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

CyberArk Software Ltd. (NASDAQ:CYBR) has earned an average recommendation of “Moderate Buy” from the twenty-seven research firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and twenty-six have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $418.15.

CYBR has been the subject of a number of recent research reports. DA Davidson reissued a “buy” rating and issued a $475.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Citigroup boosted their price target on CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a research report on Monday, March 3rd. Oppenheimer raised their price objective on CyberArk Software from $360.00 to $420.00 and gave the company an “outperform” rating in a research report on Wednesday, February 5th. KeyCorp boosted their target price on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, Robert W. Baird increased their price target on shares of CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Assetmark Inc. grew its stake in shares of 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 purchasing an additional 123 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its position in CyberArk Software by 6.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 76,326 shares of the technology company’s stock valued at $22,257,000 after buying an additional 4,800 shares during the period. Oppenheimer & Co. Inc. increased its holdings in CyberArk Software by 87.7% in the third quarter. Oppenheimer & Co. Inc. now owns 3,155 shares of the technology company’s stock valued at $920,000 after buying an additional 1,474 shares in the last quarter. CIBC Asset Management Inc raised its position in shares of CyberArk Software by 6.4% in the third quarter. CIBC Asset Management Inc now owns 4,059 shares of the technology company’s stock worth $1,184,000 after acquiring an additional 245 shares during the period. Finally, Natixis Advisors LLC boosted its stake in shares of CyberArk Software by 2.3% during the 3rd quarter. Natixis Advisors LLC now owns 61,153 shares of the technology company’s stock worth $17,833,000 after acquiring an additional 1,388 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

CyberArk Software stock opened at $346.44 on Tuesday. The company has a market capitalization of $17.12 billion, a PE ratio of -177.66 and a beta of 1.06. The company has a 50 day moving average price of $363.86 and a 200-day moving average price of $321.91. 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) earnings per share for the quarter, missing analysts’ consensus estimates 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, analysts forecast that CyberArk Software will post -0.47 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.