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

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have received an average rating of “Moderate Buy” from the twenty-seven ratings firms that are covering the firm, Marketbeat 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 twelve-month target price among brokers that have updated their coverage on the stock in the last year is $346.52.

Several equities research analysts recently commented on the stock. Piper Sandler boosted their price objective on shares of CyberArk Software from $345.00 to $380.00 and gave the company an “overweight” rating in a research report on Monday. Wells Fargo & Company increased their price objective on CyberArk Software from $350.00 to $410.00 and gave the stock an “overweight” rating in a report on Thursday, January 2nd. Barclays boosted their target price on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. DA Davidson raised their price target on shares of CyberArk Software from $360.00 to $390.00 and gave the stock a “buy” rating in a research note on Friday. Finally, Mizuho boosted their price objective on shares of CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CYBR. Assetmark Inc. boosted its position 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 valued at $39,000 after acquiring an additional 123 shares during the period. Arcadia Investment Management Corp MI boosted its holdings 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 purchasing an additional 54 shares during the period. Transcendent Capital Group LLC acquired a new position in shares of CyberArk Software during the 3rd quarter worth approximately $51,000. Future Financial Wealth Managment LLC acquired a new position in shares of CyberArk Software during the 3rd quarter worth approximately $87,000. Finally, Centaurus Financial Inc. bought a new position in shares of CyberArk Software during the second quarter worth approximately $109,000. 91.84% of the stock is owned by institutional investors and hedge funds.

CyberArk Software Trading Up 1.9 %

CYBR stock opened at $345.92 on Thursday. CyberArk Software has a 1-year low of $213.05 and a 1-year high of $348.24. The firm has a market cap of $15.07 billion, a PE ratio of 1,281.23 and a beta of 1.13. The business’s 50-day moving average price is $313.09 and its two-hundred day moving average price is $288.05.

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