CyberArk Software Ltd. (NASDAQ:CYBR) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have been given a consensus recommendation of “Hold” by the thirty-two ratings firms that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, twenty-four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating 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.

Several brokerages recently weighed in on CYBR. Weiss Ratings initiated coverage on shares of CyberArk Software in a report on Saturday, November 1st. They issued a “sell (d-)” rating for the company. JPMorgan Chase & Co. started coverage on CyberArk Software in a research report on Wednesday, December 17th. They issued a “neutral” rating and a $474.00 price objective on the stock. Citizens Jmp lowered CyberArk Software from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 23rd. Canaccord Genuity Group cut CyberArk Software from a “buy” rating to a “hold” rating and increased their target price for the stock from $440.00 to $502.00 in a research report on Wednesday, October 15th. Finally, Zacks Research raised CyberArk Software from a “hold” rating to a “strong-buy” rating in a report on Wednesday, January 7th.

CyberArk Software Price Performance

NASDAQ CYBR opened at $456.73 on Monday. CyberArk Software has a 12 month low of $288.63 and a 12 month high of $526.19. The stock has a market cap 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 company’s 50 day moving average is $465.76 and its two-hundred day moving average is $453.49. The company has a current ratio of 2.14, a quick ratio of 2.14 and a debt-to-equity ratio of 0.52.

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

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Cornerstone Planning Group LLC increased its holdings in CyberArk Software by 5,300.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 54 shares of the technology company’s stock valued at $28,000 after acquiring an additional 53 shares during the last quarter. Opal Wealth Advisors LLC purchased a new position in shares of CyberArk Software during the second quarter valued at about $30,000. NewSquare Capital LLC grew its position in shares of 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. Parkside Financial Bank & Trust increased its holdings in shares of CyberArk Software by 120.7% in the third quarter. Parkside Financial Bank & Trust now owns 64 shares of the technology company’s stock worth $31,000 after purchasing an additional 35 shares during the last quarter. Finally, AlphaCore Capital LLC purchased a new stake in shares of CyberArk Software in the second quarter worth about $33,000. Institutional investors own 91.84% of the company’s stock.

About CyberArk Software

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.