Analysts Set CyberArk Software Ltd. (NASDAQ:CYBR) PT at $462.63

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have been assigned an average rating of “Hold” from the thirty-two ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $462.6250.

Several brokerages have recently weighed in on CYBR. Citizens Jmp cut CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, September 23rd. JPMorgan Chase & Co. began coverage on shares of CyberArk Software in a report on Wednesday. They set a “neutral” rating and a $474.00 target price on the stock. Weiss Ratings started coverage on shares of CyberArk Software in a report on Saturday, November 1st. They issued a “sell (d-)” rating for the company. Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Finally, DA Davidson reiterated a “buy” rating and issued a $518.00 price objective on shares of CyberArk Software in a research report on Friday, November 7th.

CyberArk Software Stock Up 0.7%

CYBR opened at $451.81 on Thursday. CyberArk Software has a 12 month low of $288.63 and a 12 month high of $526.19. The company has a market cap of $22.81 billion, a PE ratio of -98.01, a price-to-earnings-growth ratio of 24.31 and a beta of 0.99. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52. The company has a 50 day moving average of $481.84 and a 200 day moving average of $446.94.

CyberArk Software (NASDAQ:CYBR) last posted its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.28. CyberArk Software had a negative return on equity of 0.07% and a negative net margin of 17.42%.The firm had revenue of $342.84 million for the quarter, compared to the consensus estimate of $328.52 million. During the same quarter in the prior year, the business posted $0.94 earnings per share. The business’s quarterly revenue was up 42.8% on a year-over-year basis. On average, sell-side analysts expect that CyberArk Software will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AXA S.A. boosted its stake in shares of CyberArk Software by 1.4% during the second quarter. AXA S.A. now owns 117,542 shares of the technology company’s stock valued at $47,825,000 after purchasing an additional 1,571 shares during the period. Atlantic Union Bankshares Corp bought a new stake in CyberArk Software during the 2nd quarter valued at $1,504,000. Stratos Wealth Partners LTD. purchased a new stake in CyberArk Software during the 2nd quarter valued at $214,000. World Investment Advisors purchased a new stake in CyberArk Software during the 2nd quarter valued at $211,000. Finally, Advyzon Investment Management LLC bought a new stake in CyberArk Software in the 2nd quarter worth $363,000. 91.84% of the stock is currently owned by institutional investors.

About CyberArk Software

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.