CyberArk Software Ltd. (NASDAQ:CYBR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of CyberArk Software Ltd. (NASDAQ:CYBR) have been given a consensus rating of “Moderate Buy” by the twenty-seven research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $418.15.

CYBR has been the subject of several analyst reports. Mizuho upped their target price on CyberArk Software from $345.00 to $365.00 and gave the company an “outperform” rating in a report on Friday, December 13th. JPMorgan Chase & Co. upped their target price on shares of CyberArk Software from $375.00 to $431.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 11th. DA Davidson reissued a “buy” rating and issued a $475.00 price objective on shares of CyberArk Software in a research report on Tuesday, February 25th. Robert W. Baird increased their price objective on shares of CyberArk Software from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Tuesday, February 25th. Finally, Canaccord Genuity Group upped their target price on shares of CyberArk Software from $330.00 to $440.00 and gave the company a “buy” rating in a report on Friday, February 14th.

Hedge Funds Weigh In On CyberArk Software

A number of large investors have recently made changes to their positions in CYBR. Thoma Bravo L.P. purchased a new position in shares of CyberArk Software in the 4th quarter valued at about $380,637,000. Norges Bank purchased a new position in shares of CyberArk Software in the 4th quarter valued at about $203,375,000. Nepsis Inc. increased its holdings in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company’s stock valued at $187,339,000 after acquiring an additional 505,088 shares in the last quarter. Jennison Associates LLC raised its position in 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 acquiring an additional 391,900 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of 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 purchasing 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 Trading Up 1.4 %

Shares of NASDAQ:CYBR opened at $351.76 on Tuesday. CyberArk Software has a 12-month low of $223.41 and a 12-month high of $421.00. The company has a market capitalization of $17.39 billion, a PE ratio of -180.39 and a beta of 1.06. The business has a 50 day moving average of $364.16 and a two-hundred day moving average of $323.42.

CyberArk Software (NASDAQ:CYBR) last announced its 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 positive return on equity of 0.45% and a negative net margin of 9.34%. Equities research analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal 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.