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

CyberArk Software Ltd. (NASDAQ:CYBR) has received a consensus recommendation of “Moderate Buy” from the twenty-seven analysts that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold recommendation and twenty-six have issued a buy recommendation on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $367.44.

A number of equities analysts have recently issued reports on the stock. Mizuho increased their price objective on shares of CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Citigroup increased their price objective on shares of CyberArk Software from $355.00 to $410.00 and gave the company a “buy” rating in a research note on Friday, January 17th. Rosenblatt Securities increased their price objective on shares of CyberArk Software from $345.00 to $415.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley reiterated an “equal weight” rating and set a $316.00 price objective on shares of CyberArk Software in a research note on Tuesday, December 31st. Finally, Scotiabank increased their price objective on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a research note on Tuesday, January 21st.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Jennison Associates LLC raised its holdings in shares of CyberArk Software by 32.3% during the fourth quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock worth $534,287,000 after purchasing an additional 391,900 shares during the last quarter. Groupama Asset Managment raised its holdings in shares of CyberArk Software by 0.5% during the third quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock worth $304,000 after purchasing an additional 5,402 shares during the last quarter. Nepsis Inc. raised its holdings in shares of CyberArk Software by 882.4% during the fourth quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after purchasing an additional 505,088 shares during the last quarter. Swedbank AB raised its holdings in shares of CyberArk Software by 19.0% during the fourth quarter. Swedbank AB now owns 545,100 shares of the technology company’s stock worth $181,600,000 after purchasing an additional 87,201 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its holdings in CyberArk Software by 195.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock valued at $170,614,000 after buying an additional 336,462 shares in the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Price Performance

Shares of CYBR stock opened at $370.98 on Monday. The company has a market capitalization of $16.17 billion, a P/E ratio of 1,374.05 and a beta of 1.13. The company’s 50-day simple moving average is $335.12 and its two-hundred day simple moving average is $299.49. CyberArk Software has a one year low of $223.09 and a one year high of $378.62.

CyberArk Software (NASDAQ:CYBR) last issued its earnings results on Wednesday, November 13th. The technology company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.48. The business had revenue of $240.10 million for the quarter, compared to the consensus estimate of $234.10 million. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The company’s revenue for the quarter was up 25.6% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.31) EPS. On average, research analysts expect that CyberArk Software will post -0.58 EPS for the current fiscal year.

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.