CyberArk Software Ltd. (NASDAQ:CYBR) Receives Average Rating of “Buy” from Analysts

CyberArk Software Ltd. (NASDAQ:CYBR) has earned a consensus rating of “Buy” from the twenty-eight ratings firms that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $418.39.

CYBR has been the topic of several research analyst reports. JMP Securities raised their target price on CyberArk Software from $390.00 to $480.00 and gave the stock a “market outperform” rating in a research report on Friday, February 14th. Citigroup raised their price objective on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a “buy” rating in a report on Monday, March 3rd. Piper Sandler upped their target price on shares of CyberArk Software from $380.00 to $440.00 and gave the company an “overweight” rating in a report on Thursday, February 6th. Stifel Nicolaus increased their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Finally, Rosenblatt Securities reissued a “buy” rating and issued a $445.00 price target on shares of CyberArk Software in a research report on Wednesday, February 26th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CYBR. Public Employees Retirement System of Ohio purchased a new stake in CyberArk Software in the 3rd quarter valued at approximately $8,612,000. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of CyberArk Software in the 4th quarter valued at approximately $764,000. China Universal Asset Management Co. Ltd. purchased a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $1,166,000. Spire Wealth Management grew its holdings in CyberArk Software by 236.8% during the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock worth $1,584,000 after acquiring an additional 3,344 shares during the period. Finally, Geneos Wealth Management Inc. raised its position in CyberArk Software by 9.7% in the fourth quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company’s stock worth $3,857,000 after acquiring an additional 1,024 shares in the last quarter. 91.84% of the stock is currently owned by institutional investors and hedge funds.

CyberArk Software Stock Up 2.1 %

NASDAQ CYBR opened at $349.44 on Friday. CyberArk Software has a 52 week low of $223.41 and a 52 week high of $421.00. The firm has a 50 day moving average of $356.48 and a two-hundred day moving average of $330.68. The stock has a market capitalization of $17.27 billion, a PE ratio of -179.20 and a beta of 1.00.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, equities research analysts expect that CyberArk Software will post -0.47 earnings per share for the current fiscal 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.