Brokerages Set CyberArk Software Ltd. (NASDAQ:CYBR) Target Price at $311.44

CyberArk Software Ltd. (NASDAQ:CYBR) has been given a consensus recommendation of “Moderate Buy” by the twenty-seven research firms that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $328.37.

CYBR has been the topic of several research analyst reports. Wedbush raised their price objective on CyberArk Software from $300.00 to $325.00 and gave the company an “outperform” rating in a research note on Tuesday, October 1st. BTIG Research lifted their price target on shares of CyberArk Software from $310.00 to $325.00 and gave the company a “buy” rating in a report on Wednesday, October 9th. Truist Financial reissued a “buy” rating and issued a $350.00 price objective (up previously from $300.00) on shares of CyberArk Software in a research note on Thursday, November 14th. UBS Group raised their target price on shares of CyberArk Software from $340.00 to $360.00 and gave the company a “buy” rating in a research report on Thursday, November 14th. Finally, Stifel Nicolaus upped their price target on shares of CyberArk Software from $306.00 to $335.00 and gave the stock a “buy” rating in a report on Thursday, November 14th.

Institutional Investors Weigh In On CyberArk Software

Several institutional investors and hedge funds have recently made changes to their positions in the business. Mather Group LLC. acquired a new position in CyberArk Software in the second quarter valued at approximately $27,000. ORG Partners LLC bought a new stake in shares of CyberArk Software in the 2nd quarter valued at $33,000. 1620 Investment Advisors Inc. acquired a new position in shares of CyberArk Software during the 2nd quarter valued at $39,000. Assetmark Inc. grew 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 worth $39,000 after purchasing an additional 123 shares during the period. Finally, Arcadia Investment Management Corp MI raised its holdings in shares of CyberArk Software by 42.2% during the second quarter. Arcadia Investment Management Corp MI now owns 182 shares of the technology company’s stock valued at $50,000 after purchasing an additional 54 shares during the period. Institutional investors own 91.84% of the company’s stock.

CyberArk Software Stock Up 3.0 %

Shares of CyberArk Software stock opened at $315.00 on Wednesday. CyberArk Software has a 12-month low of $186.96 and a 12-month high of $318.16. The company has a market capitalization of $13.72 billion, a price-to-earnings ratio of 1,166.71 and a beta of 1.13. The firm’s 50-day moving average price is $285.98 and its two-hundred day moving average price is $268.00.

CyberArk Software (NASDAQ:CYBR) last announced its quarterly earnings data on Wednesday, November 13th. The technology company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.46 by $0.48. CyberArk Software had a net margin of 1.38% and a return on equity of 2.29%. The business had revenue of $240.10 million for the quarter, compared to analysts’ expectations of $234.10 million. During the same period last year, the firm posted ($0.31) earnings per share. The firm’s quarterly revenue was up 25.6% compared to the same quarter last year. On average, sell-side analysts expect that CyberArk Software will post -0.99 earnings per share for the current year.

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.