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

CyberArk Software Ltd. (NASDAQ:CYBR) has earned a consensus recommendation of “Moderate Buy” from the twenty-seven research firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a hold rating and twenty-six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $339.22.

CYBR has been the subject of several research reports. Truist Financial reiterated a “buy” rating and set a $350.00 price objective (up from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. UBS Group upped their price target on shares of CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Oppenheimer raised their price objective on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Mizuho upped their target price on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $316.00 target price on shares of CyberArk Software in a report on Tuesday.

Hedge Funds Weigh In On CyberArk Software

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. raised its position in CyberArk Software by 1,025.0% during the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares in the last quarter. Transcendent Capital Group LLC bought a new position in shares of CyberArk Software in the third quarter valued at approximately $51,000. Arcadia Investment Management Corp MI raised its position in shares of CyberArk Software by 42.2% in the second 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 period. Future Financial Wealth Managment LLC bought a new position in shares of CyberArk Software in the third quarter valued at approximately $87,000. Finally, Centaurus Financial Inc. bought a new position in shares of CyberArk Software in the second quarter valued at approximately $109,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Up 4.2 %

Shares of CYBR opened at $333.15 on Thursday. CyberArk Software has a twelve month low of $205.59 and a twelve month high of $336.84. The firm has a market capitalization of $14.52 billion, a P/E ratio of 1,233.93 and a beta of 1.13. The stock’s fifty day simple moving average is $310.09 and its 200 day simple moving average is $286.03.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share for the quarter, beating 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 firm had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same quarter last year, the firm earned ($0.31) earnings per share. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. 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.