CyberArk Software Ltd. (NASDAQ:CYBR) Receives $418.15 Consensus PT from Analysts

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have received an average recommendation of “Moderate Buy” from the twenty-seven analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and twenty-six have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $418.15.

A number of research firms have issued reports on CYBR. Truist Financial raised their price target on shares of CyberArk Software from $385.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Scotiabank upped their price target on shares of CyberArk Software from $340.00 to $400.00 and gave the company a “sector outperform” rating in a report on Tuesday, January 21st. Guggenheim reiterated a “buy” rating and set a $455.00 price objective on shares of CyberArk Software in a research note on Tuesday, February 25th. Cantor Fitzgerald reissued an “overweight” rating and issued a $415.00 price objective on shares of CyberArk Software in a report on Monday, January 27th. Finally, Morgan Stanley initiated coverage on CyberArk Software in a report on Tuesday, March 18th. They set an “equal weight” rating on the stock.

Institutional Trading of CyberArk Software

Large investors have recently bought and sold shares of the business. Thoma Bravo L.P. acquired a new stake in shares of CyberArk Software in the fourth quarter valued at approximately $380,637,000. Norges Bank acquired a new stake in shares of CyberArk Software in the 4th quarter worth $203,375,000. Nepsis Inc. raised its holdings in shares of CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock worth $187,339,000 after acquiring an additional 505,088 shares during the period. Jennison Associates LLC boosted its position in shares of CyberArk Software by 32.3% during the 4th quarter. Jennison Associates LLC now owns 1,603,744 shares of the technology company’s stock valued at $534,287,000 after acquiring an additional 391,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC increased its position in CyberArk Software by 195.7% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company’s stock worth $170,614,000 after purchasing an additional 336,462 shares during the last quarter. Hedge funds and other institutional investors own 91.84% of the company’s stock.

CyberArk Software Trading Down 0.2 %

NASDAQ:CYBR opened at $351.00 on Tuesday. The company has a market capitalization of $17.35 billion, a P/E ratio of -180.00 and a beta of 1.06. CyberArk Software has a 12 month low of $223.41 and a 12 month high of $421.00. The firm has a fifty day simple moving average of $364.42 and a 200-day simple moving average of $324.32.

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