CyberArk Software Ltd. (NASDAQ:CYBR) Receives $299.64 Consensus Target Price from Brokerages

CyberArk Software Ltd. (NASDAQ:CYBR) has been assigned an average recommendation of “Moderate Buy” from the twenty-six brokerages that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and twenty-five have issued a buy rating on the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $305.04.

CYBR has been the subject of several analyst reports. Jefferies Financial Group upped their price objective on CyberArk Software from $315.00 to $330.00 and gave the stock a “buy” rating in a research note on Tuesday, September 24th. Susquehanna upped their price objective on CyberArk Software from $310.00 to $320.00 and gave the stock a “positive” rating in a research note on Friday, August 9th. Mizuho upped their price objective on CyberArk Software from $310.00 to $325.00 and gave the stock an “outperform” rating in a research note on Thursday, October 17th. Cantor Fitzgerald restated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Friday, August 9th. Finally, Oppenheimer increased their price target on CyberArk Software from $310.00 to $360.00 and gave the stock an “outperform” rating in a research note on Tuesday.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CYBR. Greenleaf Trust raised its position in CyberArk Software by 2.5% in the 3rd quarter. Greenleaf Trust now owns 1,829 shares of the technology company’s stock worth $533,000 after purchasing an additional 45 shares during the period. Signaturefd LLC raised its position in CyberArk Software by 4.2% in the 3rd quarter. Signaturefd LLC now owns 1,206 shares of the technology company’s stock worth $352,000 after purchasing an additional 49 shares during the period. First Dallas Securities Inc. raised its position in CyberArk Software by 3.2% in the 1st quarter. First Dallas Securities Inc. now owns 1,600 shares of the technology company’s stock worth $425,000 after purchasing an additional 50 shares during the period. Arcadia Investment Management Corp MI raised its position in CyberArk Software by 42.2% in the 2nd quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock worth $50,000 after purchasing an additional 54 shares during the period. Finally, Juncture Wealth Strategies LLC raised its position in CyberArk Software by 2.1% in the 3rd quarter. Juncture Wealth Strategies LLC now owns 2,830 shares of the technology company’s stock worth $825,000 after purchasing an additional 57 shares during the period. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 3.5 %

Shares of CYBR opened at $288.94 on Friday. The firm has a market cap of $12.21 billion, a PE ratio of -451.47 and a beta of 1.12. The firm has a fifty day simple moving average of $281.63 and a two-hundred day simple moving average of $261.87. CyberArk Software has a 1-year low of $154.76 and a 1-year high of $308.63.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, August 8th. The technology company reported $0.54 EPS for the quarter, topping the consensus estimate of $0.40 by $0.14. The firm had revenue of $224.71 million during the quarter, compared to analyst estimates of $219.06 million. CyberArk Software had a negative return on equity of 0.21% and a negative net margin of 1.53%. CyberArk Software’s revenue was up 27.8% on a year-over-year basis. During the same period in the prior year, the business posted ($0.58) EPS. As a group, research analysts forecast that CyberArk Software will post -1.06 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.