CyberArk Software Ltd. (NASDAQ:CYBR) Receives Consensus Rating of “Moderate Buy” from Brokerages

CyberArk Software Ltd. (NASDAQ:CYBR) has received a consensus rating of “Moderate Buy” from the twenty-six analysts that are presently covering the firm, Marketbeat.com reports. One equities research 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 objective among brokers that have issued a report on the stock in the last year is $331.46.

Several equities analysts recently weighed in on the company. Oppenheimer lifted their target price on CyberArk Software from $310.00 to $360.00 and gave the company an “outperform” rating in a research report on Tuesday, October 22nd. Piper Sandler lifted their target price on CyberArk Software from $300.00 to $345.00 and gave the company an “overweight” rating in a research report on Thursday, November 14th. UBS Group lifted their target price on CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Robert W. Baird lifted their target price on CyberArk Software from $315.00 to $355.00 and gave the company an “outperform” rating in a research report on Thursday, October 24th. Finally, KeyCorp raised their price target on CyberArk Software from $340.00 to $355.00 and gave the company an “overweight” rating in a report on Thursday, November 14th.

CyberArk Software Price Performance

CYBR stock opened at $321.54 on Friday. The company has a market cap of $14.01 billion, a P/E ratio of 1,190.89 and a beta of 1.13. CyberArk Software has a 1 year low of $198.01 and a 1 year high of $333.32. The stock’s fifty day moving average price is $302.18 and its 200-day moving average price is $277.92.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings results on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The firm had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. The company’s revenue for the quarter was up 25.6% on a year-over-year basis. During the same period last year, the business posted ($0.31) EPS. As a group, analysts expect that CyberArk Software will post -0.58 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Mather Group LLC. purchased a new position in shares of CyberArk Software during the second quarter valued at approximately $27,000. ORG Partners LLC purchased a new stake in shares of CyberArk Software in the second quarter valued at approximately $33,000. Assetmark Inc. boosted its holdings in shares of CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after purchasing an additional 123 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of CyberArk Software in the second quarter valued at approximately $39,000. Finally, Transcendent Capital Group LLC purchased a new stake in shares of CyberArk Software in the third quarter valued at approximately $51,000. Hedge funds and other institutional investors 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.