CyberArk Software (NASDAQ:CYBR) Reaches New 1-Year High – Still a Buy?

CyberArk Software Ltd. (NASDAQ:CYBR) hit a new 52-week high during trading on Tuesday . The stock traded as high as $419.49 and last traded at $415.23, with a volume of 1005808 shares traded. The stock had previously closed at $414.31.

Wall Street Analyst Weigh In

CYBR has been the topic of a number of research reports. Stifel Nicolaus lifted their target price on shares of CyberArk Software from $370.00 to $444.00 and gave the company a “buy” rating in a research note on Friday. Morgan Stanley upped their target price on CyberArk Software from $316.00 to $390.00 and gave the stock an “equal weight” rating in a report on Friday. Mizuho increased their target price on CyberArk Software from $345.00 to $365.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Susquehanna lifted their price target on CyberArk Software from $320.00 to $345.00 and gave the company a “positive” rating in a research report on Thursday, November 14th. Finally, UBS Group increased their price objective on CyberArk Software from $340.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, November 14th. Two investment analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $401.67.

CyberArk Software Price Performance

The stock has a market cap of $17.85 billion, a PE ratio of 1,517.69 and a beta of 1.15. The company has a 50 day moving average price of $349.78 and a two-hundred day moving average price of $309.64.

CyberArk Software (NASDAQ:CYBR) last released its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a return on equity of 2.29% and a net margin of 1.38%. As a group, equities analysts predict that CyberArk Software Ltd. will post -0.58 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thurston Springer Miller Herd & Titak Inc. bought a new position in shares of CyberArk Software during the 4th quarter valued at $25,000. TD Private Client Wealth LLC increased its position in CyberArk Software by 79.1% during the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company’s stock valued at $26,000 after acquiring an additional 34 shares during the last quarter. Assetmark Inc. lifted its holdings in CyberArk Software by 1,025.0% in the third quarter. Assetmark Inc. now owns 135 shares of the technology company’s stock valued at $39,000 after acquiring an additional 123 shares during the period. Plato Investment Management Ltd purchased a new position in CyberArk Software in the fourth quarter worth about $39,000. Finally, Graney & King LLC bought a new stake in shares of CyberArk Software during the 4th quarter valued at about $43,000. 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.