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

CyberArk Software Ltd. (NASDAQ:CYBR) has been given an average rating of “Hold” by the thirty-one brokerages that are presently covering the firm, Marketbeat.com reports. Seventeen research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $435.1071.

Several equities analysts have weighed in on CYBR shares. Barclays lifted their price target on shares of CyberArk Software from $405.00 to $440.00 and gave the company an “overweight” rating in a report on Monday, July 14th. Scotiabank reaffirmed a “sector perform” rating and set a $448.00 price target (down previously from $460.00) on shares of CyberArk Software in a report on Tuesday, August 5th. Morgan Stanley reaffirmed an “equal weight” rating on shares of CyberArk Software in a report on Tuesday, May 13th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $448.00 price target (up previously from $420.00) on shares of CyberArk Software in a report on Thursday, July 31st. Finally, William Blair downgraded shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 30th.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $468.80 on Tuesday. The firm has a 50 day moving average of $413.30 and a 200 day moving average of $377.92. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The firm has a market capitalization of $23.17 billion, a price-to-earnings ratio of -139.11 and a beta of 1.03. CyberArk Software has a 12-month low of $254.43 and a 12-month high of $470.19.

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 the consensus estimate 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 company had revenue of $328.03 million during the quarter, compared to analyst estimates of $315.43 million. During the same period in the previous year, the business posted $0.54 earnings per share. The firm’s quarterly revenue was up 46.0% compared to the same quarter last year. On average, research analysts anticipate that CyberArk Software will post -0.47 earnings per share for the current year.

Hedge Funds Weigh In On CyberArk Software

Hedge funds have recently modified their holdings of the stock. Golden State Wealth Management LLC boosted its holdings in shares of CyberArk Software by 100.0% during the 1st quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company’s stock valued at $26,000 after purchasing an additional 39 shares during the last quarter. Whipplewood Advisors LLC raised its stake in CyberArk Software by 135.3% during the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company’s stock valued at $27,000 after purchasing an additional 46 shares in the last quarter. Opal Wealth Advisors LLC purchased a new stake in CyberArk Software during the second quarter valued at $30,000. NewSquare Capital LLC raised its stake 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 purchasing an additional 32 shares in the last quarter. Finally, Bessemer Group Inc. raised its stake in CyberArk Software by 421.1% during the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company’s stock valued at $33,000 after purchasing an additional 80 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Company Profile

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.