CyberArk Software Ltd. (NASDAQ:CYBR) Receives $265.63 Average Target Price from Analysts

Shares of CyberArk Software Ltd. (NASDAQ:CYBRGet Free Report) have received an average recommendation of “Moderate Buy” from the twenty-four ratings firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $267.29.

CYBR has been the subject of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $310.00 price target on shares of CyberArk Software in a research report on Monday, May 20th. Mizuho boosted their target price on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Susquehanna upped their price target on shares of CyberArk Software from $255.00 to $310.00 and gave the stock a “positive” rating in a research report on Friday, February 9th. Cantor Fitzgerald reissued an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a research report on Friday, May 3rd. Finally, KeyCorp boosted their price objective on shares of CyberArk Software from $274.00 to $305.00 and gave the stock an “overweight” rating in a research note on Friday, February 9th.

Get Our Latest Analysis on CyberArk Software

CyberArk Software Trading Down 1.6 %

Shares of CYBR opened at $237.63 on Wednesday. The stock has a market capitalization of $10.04 billion, a price-to-earnings ratio of -371.30 and a beta of 1.06. CyberArk Software has a 12 month low of $142.92 and a 12 month high of $283.00. The firm has a fifty day simple moving average of $247.25 and a 200 day simple moving average of $235.13.

CyberArk Software (NASDAQ:CYBRGet Free Report) last posted its quarterly earnings data on Thursday, May 2nd. The technology company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of ($0.51) by $0.67. The company had revenue of $221.55 million during the quarter, compared to the consensus estimate of $213.42 million. CyberArk Software had a negative net margin of 3.20% and a negative return on equity of 2.51%. As a group, research analysts predict that CyberArk Software will post -1.24 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Jennison Associates LLC increased its position in CyberArk Software by 81.4% during the 4th quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock worth $230,871,000 after buying an additional 472,961 shares during the period. Polar Capital Holdings Plc increased its position in CyberArk Software by 15.4% during the 3rd quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company’s stock worth $97,412,000 after buying an additional 79,506 shares during the period. TimesSquare Capital Management LLC increased its position in CyberArk Software by 2.1% during the 3rd quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock worth $90,724,000 after buying an additional 11,387 shares during the period. Norges Bank bought a new position in CyberArk Software during the 4th quarter worth $100,797,000. Finally, Whale Rock Capital Management LLC increased its position in CyberArk Software by 21.6% during the 1st quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock worth $122,144,000 after buying an additional 81,801 shares during the period. Institutional investors own 91.84% of the company’s stock.

About CyberArk Software

(Get Free Report

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.

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Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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