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

CyberArk Software Ltd. (NASDAQ:CYBR) has been assigned an average recommendation of “Moderate Buy” from the twenty-five analysts that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold recommendation and twenty-four have given a buy recommendation to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $311.44.

Several brokerages recently weighed in on CYBR. Needham & Company LLC reaffirmed a “buy” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Friday, August 9th. Rosenblatt Securities restated a “buy” rating and issued a $310.00 price objective on shares of CyberArk Software in a report on Tuesday, August 6th. DA Davidson lifted their price objective on shares of CyberArk Software from $285.00 to $315.00 and gave the stock a “buy” rating in a research report on Friday, August 9th. JMP Securities reissued a “market outperform” rating and issued a $310.00 target price on shares of CyberArk Software in a report on Monday, November 4th. Finally, Oppenheimer lifted their price target on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a report on Tuesday, October 22nd.

CyberArk Software Price Performance

CYBR stock opened at $300.76 on Wednesday. The business’s 50-day moving average is $282.91 and its two-hundred day moving average is $265.83. The firm has a market capitalization of $13.10 billion, a P/E ratio of -939.88 and a beta of 1.13. CyberArk Software has a 1 year low of $181.11 and a 1 year high of $308.63.

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC lifted its holdings in shares of CyberArk Software by 0.8% during the third quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock worth $353,386,000 after purchasing an additional 9,570 shares during the period. RGM Capital LLC lifted its stake in shares of CyberArk Software by 2.1% in the 2nd quarter. RGM Capital LLC now owns 814,129 shares of the technology company’s stock worth $222,599,000 after acquiring an additional 16,530 shares during the period. Whale Rock Capital Management LLC boosted its holdings in shares of CyberArk Software by 21.6% in the first quarter. Whale Rock Capital Management LLC now owns 459,828 shares of the technology company’s stock valued at $122,144,000 after acquiring an additional 81,801 shares in the last quarter. Swedbank AB increased its stake in shares of CyberArk Software by 11.1% during the third quarter. Swedbank AB now owns 457,899 shares of the technology company’s stock worth $133,528,000 after acquiring an additional 45,799 shares during the period. Finally, Acadian Asset Management LLC raised its holdings in CyberArk Software by 38.2% during the first quarter. Acadian Asset Management LLC now owns 405,375 shares of the technology company’s stock worth $107,642,000 after purchasing an additional 112,112 shares in the last quarter. Hedge funds and other institutional investors 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.