CyberArk Software Ltd. (NASDAQ:CYBR) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of CyberArk Software Ltd. (NASDAQ:CYBRGet Free Report) have been assigned an average rating of “Moderate Buy” from the twenty-four ratings firms that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and twenty-three have given a buy rating to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $258.54.

A number of research firms recently commented on CYBR. JPMorgan Chase & Co. upped their price target on shares of CyberArk Software from $207.00 to $248.00 and gave the company an “overweight” rating in a report on Monday, December 11th. Bank of America upped their price objective on shares of CyberArk Software from $300.00 to $315.00 and gave the stock a “buy” rating in a report on Friday, March 15th. Wells Fargo & Company upped their price objective on shares of CyberArk Software from $250.00 to $275.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Susquehanna upped their price objective on shares of CyberArk Software from $255.00 to $310.00 and gave the stock a “positive” rating in a report on Friday, February 9th. Finally, Citigroup upped their price objective on shares of CyberArk Software from $215.00 to $265.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th.

View Our Latest Report on CyberArk Software

CyberArk Software Trading Down 0.5 %

CYBR stock opened at $264.25 on Tuesday. The firm has a 50 day moving average of $255.84 and a 200-day moving average of $213.11. CyberArk Software has a 12 month low of $120.11 and a 12 month high of $283.00. The firm has a market capitalization of $11.17 billion, a P/E ratio of -163.12 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBRGet Free Report) last released its quarterly earnings results on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The business had revenue of $223.10 million during the quarter, compared to analysts’ expectations of $209.65 million. Sell-side analysts predict that CyberArk Software will post -1.46 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

A number of institutional investors and hedge funds have recently added to or reduced their stakes in CYBR. Confluence Investment Management LLC bought a new stake in shares of CyberArk Software during the first quarter valued at approximately $1,473,000. HighPoint Advisor Group LLC bought a new stake in shares of CyberArk Software during the fourth quarter valued at approximately $400,000. PNC Financial Services Group Inc. raised its position in shares of CyberArk Software by 23.4% during the fourth quarter. PNC Financial Services Group Inc. now owns 3,420 shares of the technology company’s stock valued at $749,000 after buying an additional 648 shares during the last quarter. B. Riley Wealth Advisors Inc. raised its position in shares of CyberArk Software by 121.0% during the fourth quarter. B. Riley Wealth Advisors Inc. now owns 3,277 shares of the technology company’s stock valued at $718,000 after buying an additional 1,794 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of CyberArk Software by 5.5% during the fourth quarter. Vanguard Group Inc. now owns 67,034 shares of the technology company’s stock valued at $14,684,000 after buying an additional 3,467 shares during the last quarter. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Company Profile

(Get Free Report

CyberArk Software Ltd., together with its subsidiaries, develops, markets, and sales software-based security solutions and services in the United States, Israel, Europe, the Middle East, Africa, the United Kingdom, 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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