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

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have been given an average rating of “Hold” by the thirty-one research firms that are currently covering the company, Marketbeat reports. Seventeen investment analysts have rated the stock with a hold recommendation and fourteen have given a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $435.1071.

Several equities analysts have recently weighed in on the stock. KeyCorp lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Thursday, July 31st. Barclays raised their price objective on shares of CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a research report on Monday, July 14th. Needham & Company LLC raised their price objective on shares of CyberArk Software from $460.00 to $551.00 and gave the company a “buy” rating in a research report on Wednesday, July 30th. Oppenheimer restated a “market perform” rating on shares of CyberArk Software in a research report on Friday, August 1st. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $448.00 price objective (up previously from $420.00) on shares of CyberArk Software in a research report on Thursday, July 31st.

CyberArk Software Stock Performance

Shares of CYBR opened at $414.53 on Friday. The firm has a 50-day moving average price of $396.12 and a 200 day moving average price of $371.37. The firm has a market capitalization of $20.49 billion, a PE ratio of -123.01 and a beta of 0.96. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. CyberArk Software has a 52-week low of $254.43 and a 52-week high of $452.00.

CyberArk Software (NASDAQ:CYBR) last announced its earnings results on Wednesday, July 30th. The technology company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The firm had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same quarter in the prior year, the firm posted $0.54 EPS. CyberArk Software’s revenue was up 46.0% compared to the same quarter last year. On average, sell-side analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Hedge Funds Weigh In On CyberArk Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Venturi Wealth Management LLC raised its position in CyberArk Software by 3.6% during the first quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company’s stock valued at $282,000 after acquiring an additional 29 shares in the last quarter. Prudential PLC raised its position in CyberArk Software by 2.4% during the first quarter. Prudential PLC now owns 1,277 shares of the technology company’s stock valued at $432,000 after acquiring an additional 30 shares in the last quarter. MAI Capital Management raised its position in CyberArk Software by 1.1% during the first quarter. MAI Capital Management now owns 2,756 shares of the technology company’s stock valued at $932,000 after acquiring an additional 31 shares in the last quarter. NewSquare Capital LLC raised its position in CyberArk Software by 78.0% during the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock valued at $30,000 after acquiring an additional 32 shares in the last quarter. Finally, Y.D. More Investments Ltd raised its position in CyberArk Software by 0.5% during the first quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company’s stock valued at $2,415,000 after acquiring an additional 38 shares in the last quarter. Institutional investors own 91.84% of the company’s stock.

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.