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

CyberArk Software Ltd. (NASDAQ:CYBR) has been assigned an average rating of “Moderate Buy” from the twenty-six analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and twenty-five have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $331.46.

CYBR has been the topic of a number of recent analyst reports. UBS Group upped their price target on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. Barclays upped their price target on CyberArk Software from $330.00 to $335.00 and gave the stock an “overweight” rating in a research report on Thursday, November 14th. Robert W. Baird upped their price target on CyberArk Software from $315.00 to $355.00 and gave the stock an “outperform” rating in a research report on Thursday, October 24th. Scotiabank initiated coverage on CyberArk Software in a research report on Monday, October 21st. They set a “sector outperform” rating and a $340.00 price target on the stock. Finally, BTIG Research upped their price target on CyberArk Software from $310.00 to $325.00 and gave the stock a “buy” rating in a research report on Wednesday, October 9th.

CyberArk Software Stock Down 0.8 %

Shares of NASDAQ:CYBR opened at $321.54 on Friday. The company has a market capitalization of $14.01 billion, a price-to-earnings ratio of 1,190.89 and a beta of 1.13. CyberArk Software has a 52 week low of $198.01 and a 52 week high of $333.32. The firm has a 50 day moving average of $302.18 and a 200 day moving average of $277.92.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The company had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. CyberArk Software’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.31) earnings per share. On average, sell-side analysts expect that CyberArk Software will post -0.58 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

Several hedge funds have recently modified their holdings of CYBR. Mather Group LLC. purchased a new stake in shares of CyberArk Software during the 2nd quarter worth about $27,000. ORG Partners LLC purchased a new stake in shares of CyberArk Software during the 2nd quarter worth about $33,000. 1620 Investment Advisors Inc. purchased a new position in CyberArk Software in the 2nd quarter valued at about $39,000. Assetmark Inc. lifted its stake in CyberArk Software by 1,025.0% in the 3rd quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after buying an additional 123 shares in the last quarter. Finally, Arcadia Investment Management Corp MI lifted its stake in CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after buying an additional 54 shares in the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

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.