CyberArk Software Ltd. (NASDAQ:CYBR) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have been given an average recommendation of “Moderate Buy” by the twenty-four research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and twenty-three have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $258.54.

Several analysts recently commented on the stock. JMP Securities raised their price objective on shares of CyberArk Software from $195.00 to $280.00 and gave the company a “market outperform” rating in a research note on Wednesday, January 31st. BTIG Research assumed coverage on shares of CyberArk Software in a research note on Thursday, March 28th. They issued a “buy” rating and a $317.00 price objective for the company. Rosenblatt Securities raised their price objective on shares of CyberArk Software from $265.00 to $300.00 and gave the company a “buy” rating in a research note on Friday, February 9th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $300.00 price objective on shares of CyberArk Software in a research note on Wednesday, April 17th. Finally, UBS Group lifted their target price on shares of CyberArk Software from $215.00 to $260.00 and gave the stock a “buy” rating in a research report on Wednesday, January 10th.

CyberArk Software Price Performance

NASDAQ CYBR opened at $242.60 on Friday. The firm’s fifty day moving average price is $256.03 and its 200 day moving average price is $223.40. The company has a market capitalization of $10.25 billion, a price-to-earnings ratio of -149.75 and a beta of 1.05. CyberArk Software has a 12 month low of $120.11 and a 12 month high of $283.00.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Thursday, February 8th. The technology company reported $0.19 earnings per share for the quarter, beating the consensus estimate of ($0.34) by $0.53. The business had revenue of $223.10 million for the quarter, compared to the consensus estimate of $209.65 million. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. As a group, sell-side analysts forecast that CyberArk Software will post -1.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of CYBR. Arcadia Investment Management Corp MI acquired a new position in CyberArk Software during the 1st quarter valued at about $34,000. Blue Bell Private Wealth Management LLC acquired a new position in CyberArk Software during the 1st quarter valued at about $34,000. FinTrust Capital Advisors LLC acquired a new position in CyberArk Software during the 4th quarter valued at about $34,000. Assetmark Inc. increased its stake in CyberArk Software by 62.1% during the 3rd quarter. Assetmark Inc. now owns 248 shares of the technology company’s stock valued at $41,000 after buying an additional 95 shares during the period. Finally, Central Bank & Trust Co. acquired a new position in CyberArk Software during the 1st quarter valued at about $53,000. 91.84% of the stock is currently owned by institutional investors.

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.