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

CyberArk Software Ltd. (NASDAQ:CYBR) has been given an average rating of “Moderate Buy” by the twenty-four research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a hold rating and twenty-three have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $258.96.

A number of equities research analysts recently commented on CYBR shares. Bank of America restated a “buy” rating and set a $315.00 price target on shares of CyberArk Software in a research report on Wednesday, April 24th. BTIG Research assumed coverage on CyberArk Software in a research report on Thursday, March 28th. They issued a “buy” rating and a $317.00 price objective on the stock. JMP Securities increased their price objective on CyberArk Software from $195.00 to $280.00 and gave the company a “market outperform” rating in a research report on Wednesday, January 31st. Oppenheimer increased their price objective on CyberArk Software from $195.00 to $260.00 and gave the company an “outperform” rating in a research report on Monday, January 8th. Finally, Morgan Stanley lowered CyberArk Software from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $195.00 to $240.00 in a research report on Tuesday, January 9th.

CyberArk Software Trading Down 0.9 %

CYBR stock opened at $237.16 on Friday. CyberArk Software has a 1-year low of $120.11 and a 1-year high of $283.00. The firm has a market cap of $10.02 billion, a P/E ratio of -146.39 and a beta of 1.05. The business’s 50 day moving average is $255.34 and its 200-day moving average is $225.39.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. The business had revenue of $223.10 million for the quarter, compared to analyst estimates of $209.65 million. CyberArk Software had a negative return on equity of 8.23% and a negative net margin of 8.84%. Sell-side analysts forecast that CyberArk Software will post -1.46 EPS for the current year.

Institutional Trading of CyberArk Software

Several hedge funds have recently added to or reduced their stakes in CYBR. TimesSquare Capital Management LLC increased its holdings 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 purchasing an additional 11,387 shares in the last quarter. Dorsey & Whitney Trust CO LLC bought a new position in CyberArk Software during the 3rd quarter worth about $217,000. M&T Bank Corp increased its holdings in CyberArk Software by 9.2% during the 3rd quarter. M&T Bank Corp now owns 2,723 shares of the technology company’s stock worth $446,000 after purchasing an additional 230 shares in the last quarter. Acadian Asset Management LLC increased its holdings in CyberArk Software by 226.3% during the 3rd quarter. Acadian Asset Management LLC now owns 295,893 shares of the technology company’s stock worth $48,434,000 after purchasing an additional 205,224 shares in the last quarter. Finally, Nordea Investment Management AB grew its holdings in shares of CyberArk Software by 9.6% in the 4th quarter. Nordea Investment Management AB now owns 2,841 shares of the technology company’s stock valued at $624,000 after acquiring an additional 250 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

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.