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

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have earned an average recommendation of “Moderate Buy” from the twenty-seven brokerages that are covering the stock, 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 1 year target price among brokerages that have issued ratings on the stock in the last year is $367.44.

Several equities research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their target price on CyberArk Software from $355.00 to $375.00 and gave the company an “overweight” rating in a research note on Monday, December 16th. Wells Fargo & Company boosted their price objective on CyberArk Software from $410.00 to $425.00 and gave the stock an “overweight” rating in a report on Monday, January 27th. Oppenheimer raised their target price on shares of CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research note on Tuesday, October 22nd. Cantor Fitzgerald restated an “overweight” rating and set a $415.00 target price on shares of CyberArk Software in a report on Monday, January 27th. Finally, Stifel Nicolaus boosted their target price on CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th.

Institutional Investors Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently modified their holdings of CYBR. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CyberArk Software in the fourth quarter valued at approximately $25,000. Assetmark Inc. increased its stake in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock worth $39,000 after purchasing an additional 123 shares in the last quarter. Montag A & Associates Inc. raised its holdings in CyberArk Software by 47.2% during the 4th quarter. Montag A & Associates Inc. now owns 131 shares of the technology company’s stock valued at $44,000 after acquiring an additional 42 shares during the period. Brown Lisle Cummings Inc. purchased a new stake in CyberArk Software during the 4th quarter worth about $50,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software in the third quarter worth about $51,000. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CYBR stock opened at $370.98 on Monday. CyberArk Software has a one year low of $223.09 and a one year high of $378.62. The stock has a fifty day moving average price of $335.12 and a 200 day moving average price of $299.11. The stock has a market cap of $16.16 billion, a P/E ratio of 1,374.05 and a beta of 1.13.

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 the consensus estimate of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million for the quarter, compared to analyst estimates of $234.10 million. During the same period in the previous year, the business earned ($0.31) EPS. The firm’s revenue was up 25.6% on a year-over-year basis. Equities research analysts anticipate that CyberArk Software will post -0.58 EPS 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.