CyberArk Software Ltd. (NASDAQ:CYBR) Receives $401.67 Average Price Target from Analysts

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have earned a consensus rating of “Moderate Buy” from the twenty-seven research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and twenty-six have issued a buy recommendation on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $416.67.

CYBR has been the subject of several recent analyst reports. Susquehanna upped their price objective on shares of CyberArk Software from $320.00 to $345.00 and gave the stock a “positive” rating in a report on Thursday, November 14th. KeyCorp upped their price objective on shares of CyberArk Software from $400.00 to $485.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Guggenheim reaffirmed a “buy” rating and set a $455.00 price objective on shares of CyberArk Software in a report on Tuesday. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $415.00 price objective on shares of CyberArk Software in a report on Monday, January 27th. Finally, Royal Bank of Canada increased their price target on shares of CyberArk Software from $385.00 to $410.00 and gave the company an “outperform” rating in a report on Tuesday, January 21st.

CyberArk Software Stock Down 3.3 %

Shares of CYBR opened at $352.05 on Friday. The company’s fifty day moving average is $360.50 and its 200-day moving average is $316.12. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00. The firm has a market cap of $15.34 billion, a price-to-earnings ratio of -180.54 and a beta of 1.15.

CyberArk Software (NASDAQ:CYBR) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported ($0.14) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. As a group, research analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC increased its position in shares of CyberArk Software by 16.6% during the 3rd quarter. HighTower Advisors LLC now owns 14,478 shares of the technology company’s stock worth $4,212,000 after purchasing an additional 2,062 shares in the last quarter. Groupama Asset Managment increased its position in CyberArk Software by 0.5% in the 3rd quarter. Groupama Asset Managment now owns 1,042,767 shares of the technology company’s stock valued at $304,000 after acquiring an additional 5,402 shares in the last quarter. Jennison Associates LLC increased its position in CyberArk Software by 0.8% in the 3rd quarter. Jennison Associates LLC now owns 1,211,844 shares of the technology company’s stock valued at $353,386,000 after acquiring an additional 9,570 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in CyberArk Software in the 3rd quarter valued at about $8,612,000. Finally, International Assets Investment Management LLC acquired a new stake in CyberArk Software in the 3rd quarter valued at about $82,485,000. Institutional investors and hedge funds own 91.84% of the company’s stock.

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.