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

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have been assigned a consensus recommendation of “Moderate Buy” from the twenty-four research firms that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $258.54.

CYBR has been the subject of several recent research reports. Mizuho raised their target price on shares of CyberArk Software from $250.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, February 9th. Rosenblatt Securities raised their target price on shares of CyberArk Software from $265.00 to $300.00 and gave the stock a “buy” rating in a report on Friday, February 9th. UBS Group raised their target price on shares of CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a report on Wednesday, January 10th. Bank of America reissued a “buy” rating and set a $315.00 target price on shares of CyberArk Software in a report on Wednesday. Finally, Susquehanna lifted their price objective on shares of CyberArk Software from $255.00 to $310.00 and gave the company a “positive” rating in a report on Friday, February 9th.

Institutional Investors Weigh In On CyberArk Software

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Newbridge Financial Services Group Inc. purchased a new stake in CyberArk Software during the 1st quarter worth approximately $202,000. Blue Bell Private Wealth Management LLC purchased a new stake in shares of CyberArk Software in the 1st quarter valued at approximately $34,000. Rational Advisors LLC purchased a new stake in shares of CyberArk Software in the 1st quarter valued at approximately $1,966,000. Arcadia Investment Management Corp MI purchased a new stake in shares of CyberArk Software in the 1st quarter valued at approximately $34,000. Finally, Raymond James Financial Services Advisors Inc. increased its position in shares of CyberArk Software by 68.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 5,648 shares of the technology company’s stock valued at $1,500,000 after purchasing an additional 2,303 shares during the last quarter. 91.84% of the stock is owned by hedge funds and other institutional investors.

CyberArk Software Trading Down 1.0 %

NASDAQ:CYBR opened at $242.60 on Friday. CyberArk Software has a 12 month low of $120.11 and a 12 month high of $283.00. The firm has a fifty day simple moving average of $256.03 and a 200-day simple moving average of $223.40. The company has a market capitalization of $10.25 billion, a P/E ratio of -149.75 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $209.65 million. Equities analysts forecast that CyberArk Software will post -1.46 EPS for the current 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.