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

CyberArk Software Ltd. (NASDAQ:CYBR) has been assigned a consensus recommendation of “Moderate Buy” from the twenty-four analysts that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and twenty-three have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $265.63.

A number of analysts have weighed in on the company. Bank of America restated a “buy” rating and issued a $315.00 price target on shares of CyberArk Software in a research note on Wednesday, April 24th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $300.00 price target on shares of CyberArk Software in a report on Friday. Oppenheimer raised their price objective on shares of CyberArk Software from $195.00 to $260.00 and gave the stock an “outperform” rating in a report on Monday, January 8th. BTIG Research began coverage on shares of CyberArk Software in a report on Thursday, March 28th. They issued a “buy” rating and a $317.00 target price for the company. Finally, Wells Fargo & Company lifted their price target on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Jennison Associates LLC boosted its stake in CyberArk Software by 81.4% in the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company’s stock worth $230,871,000 after purchasing an additional 472,961 shares in the last quarter. Polar Capital Holdings Plc grew its holdings in CyberArk Software by 15.4% during the 3rd quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company’s stock worth $97,412,000 after acquiring an additional 79,506 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in shares of CyberArk Software by 2.1% in the third quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company’s stock worth $90,724,000 after acquiring an additional 11,387 shares during the last quarter. Norges Bank bought a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $100,797,000. Finally, Nomura Holdings Inc. increased its holdings in shares of CyberArk Software by 9.5% in the third quarter. Nomura Holdings Inc. now owns 364,875 shares of the technology company’s stock valued at $59,756,000 after purchasing an additional 31,660 shares in the last quarter. 91.84% of the stock is owned by institutional investors.

CyberArk Software Stock Performance

Shares of CYBR stock opened at $227.32 on Friday. The firm has a market cap of $9.61 billion, a P/E ratio of -140.32 and a beta of 1.06. The firm’s 50 day moving average price is $254.41 and its 200-day moving average price is $225.88. CyberArk Software has a one year low of $125.15 and a one year high of $283.00.

CyberArk Software (NASDAQ:CYBR) last issued its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.34) by $0.53. The business had revenue of $223.10 million for the quarter, compared to analysts’ expectations of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. As a group, research analysts predict that CyberArk Software will post -1.46 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.