CyberArk Software Ltd. (NASDAQ:CYBR) Receives $339.22 Average Price Target from Analysts

CyberArk Software Ltd. (NASDAQ:CYBR) has earned an average recommendation of “Moderate Buy” from the twenty-seven analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and twenty-six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $345.22.

Several equities analysts recently commented on CYBR shares. Stifel Nicolaus upped their target price on shares of CyberArk Software from $335.00 to $370.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Truist Financial reiterated a “buy” rating and issued a $350.00 target price (up previously from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. Barclays boosted their price target on CyberArk Software from $330.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, November 14th. Jefferies Financial Group raised their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research report on Tuesday, September 24th. Finally, Robert W. Baird boosted their price objective on CyberArk Software from $355.00 to $370.00 and gave the company an “outperform” rating in a research report on Tuesday, December 17th.

CyberArk Software Trading Up 1.1 %

NASDAQ:CYBR opened at $339.47 on Thursday. The firm has a market capitalization of $14.79 billion, a PE ratio of 1,257.34 and a beta of 1.13. CyberArk Software has a 1 year low of $209.50 and a 1 year high of $348.02. The firm’s fifty day simple moving average is $311.92 and its 200 day simple moving average is $286.97.

CyberArk Software (NASDAQ:CYBR) last announced 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. The firm had revenue of $240.10 million during the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The firm’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.31) EPS. As a group, analysts anticipate that CyberArk Software will post -0.58 EPS for the current fiscal year.

Institutional Trading of CyberArk Software

Hedge funds and other institutional investors have recently modified their holdings of the stock. Assetmark Inc. boosted its stake in shares of 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 purchasing an additional 123 shares during the last quarter. Transcendent Capital Group LLC acquired a new position in CyberArk Software in the third quarter valued at approximately $51,000. Arcadia Investment Management Corp MI boosted its stake in 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 acquiring an additional 54 shares during the last quarter. Future Financial Wealth Managment LLC acquired a new stake in CyberArk Software during the 3rd quarter worth $87,000. Finally, Centaurus Financial Inc. bought a new stake in shares of CyberArk Software during the 2nd quarter valued at $109,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

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.