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

CyberArk Software Ltd. (NASDAQ:CYBR) has been given an average recommendation of “Buy” by the twenty-eight ratings firms that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, twenty-six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $415.89.

CYBR has been the topic of a number of analyst reports. Guggenheim reissued a “buy” rating and issued a $455.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th. StockNews.com downgraded shares of CyberArk Software from a “buy” rating to a “hold” rating in a research report on Friday, February 21st. Canaccord Genuity Group upped their price target on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a research report on Friday, February 14th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $400.00 price objective on shares of CyberArk Software in a research note on Tuesday. Finally, KeyCorp lowered their price objective on shares of CyberArk Software from $485.00 to $425.00 and set an “overweight” rating on the stock in a research report on Thursday, April 17th.

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds have recently added to or reduced their stakes in the company. CHURCHILL MANAGEMENT Corp bought a new stake in CyberArk Software in the fourth quarter worth approximately $764,000. China Universal Asset Management Co. Ltd. acquired a new stake in shares of CyberArk Software in the 4th quarter valued at $1,166,000. Spire Wealth Management boosted its holdings in CyberArk Software by 236.8% in the fourth quarter. Spire Wealth Management now owns 4,756 shares of the technology company’s stock worth $1,584,000 after purchasing an additional 3,344 shares in the last quarter. Geneos Wealth Management Inc. increased its position in CyberArk Software by 9.7% during the fourth quarter. Geneos Wealth Management Inc. now owns 11,576 shares of the technology company’s stock worth $3,857,000 after buying an additional 1,024 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in CyberArk Software by 27.7% during the fourth quarter. Park Avenue Securities LLC now owns 4,092 shares of the technology company’s stock valued at $1,363,000 after buying an additional 887 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company’s stock.

CyberArk Software Stock Performance

Shares of NASDAQ:CYBR opened at $361.29 on Wednesday. The stock has a market capitalization of $17.86 billion, a price-to-earnings ratio of -185.28 and a beta of 0.99. CyberArk Software has a 1-year low of $223.41 and a 1-year high of $421.00. The company has a 50 day moving average price of $341.44 and a 200 day moving average price of $339.45.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share for the quarter, missing the consensus estimate 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, sell-side analysts expect that CyberArk Software will post -0.47 EPS 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.