CyberArk Software Ltd. (NASDAQ:CYBR) Receives $416.79 Consensus Target Price from Brokerages

Shares of CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) have earned a consensus rating of "Buy" from the twenty-eight ratings firms that are covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold rating, twenty-six have issued a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $416.79.

A number of equities analysts have issued reports on the stock. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $420.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Citigroup lifted their price objective on shares of CyberArk Software from $410.00 to $450.00 and gave the stock a "buy" rating in a report on Monday, March 3rd. Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a report on Tuesday, May 13th. Roth Capital assumed coverage on shares of CyberArk Software in a report on Tuesday, May 13th. They set a "buy" rating and a $415.00 price objective on the stock. Finally, Robert W. Baird lifted their price objective on shares of CyberArk Software from $450.00 to $460.00 and gave the stock an "outperform" rating in a report on Wednesday, May 14th.

Hedge Funds Weigh In On CyberArk Software

Large investors have recently modified their holdings of the business. TD Private Client Wealth LLC increased its stake in shares of CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock worth $26,000 after purchasing an additional 34 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock worth $26,000 after buying an additional 39 shares in the last quarter. Whipplewood Advisors LLC lifted its holdings in shares of CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after buying an additional 46 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock worth $33,000 after buying an additional 80 shares in the last quarter. Finally, Morse Asset Management Inc purchased a new stake in shares of CyberArk Software in the first quarter worth about $34,000. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Down 1.4%

CYBR stock traded down $5.67 during midday trading on Thursday, reaching $397.89. 410,617 shares of the company's stock traded hands, compared to its average volume of 559,100. The company has a market cap of $19.67 billion, a price-to-earnings ratio of -213.92 and a beta of 0.99. The firm's fifty day moving average price is $372.61 and its 200-day moving average price is $357.13. CyberArk Software has a 52 week low of $230.00 and a 52 week high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.19. The business had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. CyberArk Software's quarterly revenue was up 43.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.75 EPS. Analysts forecast that CyberArk Software will post -0.47 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.