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

CyberArk Software Ltd. (NASDAQ:CYBR) has received an average recommendation of “Hold” from the thirty-two analysts that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, twenty-four have issued a hold recommendation, six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $462.6250.

A number of equities analysts have recently issued reports on the company. JPMorgan Chase & Co. assumed coverage on CyberArk Software in a research note on Wednesday, December 17th. They issued a “neutral” rating and a $474.00 price target on the stock. Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th. Piper Sandler set a $474.00 target price on CyberArk Software in a research report on Wednesday, December 17th. Jefferies Financial Group lowered shares of CyberArk Software from a “strong-buy” rating to a “hold” rating in a research report on Sunday, November 30th. Finally, JMP Securities reiterated a “market perform” rating on shares of CyberArk Software in a research note on Tuesday, September 23rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Cornerstone Planning Group LLC increased its stake in shares of CyberArk Software by 5,300.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock worth $28,000 after purchasing an additional 53 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in CyberArk Software by 120.7% during the third quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock valued at $31,000 after purchasing an additional 35 shares in the last quarter. Opal Wealth Advisors LLC bought a new stake in CyberArk Software during the second quarter valued at about $30,000. NewSquare Capital LLC increased its position in CyberArk Software by 78.0% in the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company’s stock worth $30,000 after buying an additional 32 shares in the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in CyberArk Software in the second quarter worth about $33,000. 91.84% of the stock is currently owned by institutional investors.

CyberArk Software Stock Down 0.9%

CYBR opened at $456.73 on Monday. The stock has a market capitalization of $23.06 billion, a price-to-earnings ratio of -99.07, a PEG ratio of 21.22 and a beta of 0.92. The firm has a 50 day moving average price of $465.76 and a 200-day moving average price of $453.49. CyberArk Software has a twelve month low of $288.63 and a twelve month high of $526.19. The company has a quick ratio of 2.14, a current ratio of 2.14 and a debt-to-equity ratio of 0.52.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, November 6th. The technology company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.28. The company had revenue of $342.84 million for the quarter, compared to analysts’ expectations of $328.52 million. CyberArk Software had a negative net margin of 17.42% and a negative return on equity of 0.07%. The firm’s quarterly revenue was up 42.8% on a year-over-year basis. During the same quarter last year, the company posted $0.94 earnings per share. Equities research analysts forecast that CyberArk Software will post -0.47 earnings per share for the current year.

CyberArk Software Company Profile

CyberArk Software Ltd. is a cybersecurity company that focuses on identity security and privileged access management. Its core mission is to protect organizations from cyber threats that target privileged accounts, credentials and secrets that can provide attackers with broad access to critical systems. CyberArk’s offerings are designed to help enterprises control, monitor and secure privileged credentials across on-premises, cloud and hybrid environments, reducing the risk of lateral movement and data breaches.

The company delivers a suite of software and cloud services that address privileged access, secrets management, endpoint privilege management and identity-based threat detection.