CyberArk Software Ltd. (NASDAQ:CYBR) Given Consensus Recommendation of “Buy” by Analysts

CyberArk Software Ltd. (NASDAQ:CYBRGet Rating) has been assigned a consensus rating of “Buy” from the twenty-two research firms that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $180.16.

Several research firms recently commented on CYBR. Barclays upped their price target on shares of CyberArk Software from $190.00 to $215.00 and gave the company an “overweight” rating in a research note on Friday, February 11th. Wedbush cut their price target on shares of CyberArk Software from $195.00 to $150.00 in a research note on Friday, May 13th. TheStreet lowered shares of CyberArk Software from a “c-” rating to a “d+” rating in a research note on Wednesday, May 18th. StockNews.com upgraded shares of CyberArk Software from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Stifel Nicolaus cut their price target on shares of CyberArk Software from $210.00 to $168.00 in a research note on Friday, May 13th.

Shares of CYBR opened at $146.16 on Friday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 3.07 and a current ratio of 3.07. The stock has a market capitalization of $5.85 billion, a PE ratio of -54.74 and a beta of 1.24. The company has a 50 day moving average price of $153.82 and a 200-day moving average price of $157.07. CyberArk Software has a fifty-two week low of $100.35 and a fifty-two week high of $201.68.

CyberArk Software (NASDAQ:CYBRGet Rating) last posted its quarterly earnings data on Thursday, May 12th. The technology company reported ($0.30) EPS for the quarter, topping the consensus estimate of ($0.31) by $0.01. The firm had revenue of $127.60 million during the quarter, compared to analyst estimates of $130.43 million. CyberArk Software had a negative net margin of 20.58% and a negative return on equity of 12.64%. CyberArk Software’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.28) EPS. Equities research analysts forecast that CyberArk Software will post -3.36 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company boosted its holdings in CyberArk Software by 6.5% during the first quarter. The Manufacturers Life Insurance Company now owns 168,698 shares of the technology company’s stock worth $28,468,000 after buying an additional 10,360 shares in the last quarter. Connors Investor Services Inc. boosted its holdings in CyberArk Software by 4.0% during the first quarter. Connors Investor Services Inc. now owns 20,968 shares of the technology company’s stock worth $3,538,000 after buying an additional 815 shares in the last quarter. Nomura Holdings Inc. boosted its holdings in CyberArk Software by 3.7% during the first quarter. Nomura Holdings Inc. now owns 279,869 shares of the technology company’s stock worth $47,607,000 after buying an additional 10,068 shares in the last quarter. Advisors Asset Management Inc. boosted its holdings in CyberArk Software by 13.0% during the first quarter. Advisors Asset Management Inc. now owns 7,508 shares of the technology company’s stock worth $1,267,000 after buying an additional 864 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in CyberArk Software during the first quarter valued at $437,000. 89.52% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Company Profile (Get Rating)

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Europe, the Middle East, Africa, and internationally. Its solutions include Privileged Access Manager that offers risk-based credential security and session management to protect against attacks involving privileged access; Vendor Privileged Access Manager combines Privileged Access Manager and Remote Access to provide fast, easy, and secure privileged access to third-party vendors; Endpoint Privilege Manager, a SaaS solution that secures privileges on the endpoint; and Cloud Entitlements Manager, a SaaS solution, which reduces risk that arises from excessive privileges by implementing least privilege across cloud environments.

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Analyst Recommendations for CyberArk Software (NASDAQ:CYBR)

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