CyberArk Software Ltd. (NASDAQ:CYBR) Given Average Rating of "Buy" by Brokerages

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) has been assigned a consensus recommendation of "Buy" from the twenty-eight brokerages that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a hold recommendation, twenty-six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $415.71.

A number of analysts recently issued reports on the company. Royal Bank of Canada reissued an "outperform" rating and set a $420.00 price objective on shares of CyberArk Software in a research report on Tuesday, May 13th. DA Davidson increased their target price on shares of CyberArk Software from $415.00 to $435.00 and gave the stock a "buy" rating in a research note on Tuesday, May 13th. Stephens assumed coverage on shares of CyberArk Software in a research note on Tuesday, April 1st. They issued an "overweight" rating and a $440.00 price target on the stock. Wall Street Zen cut shares of CyberArk Software from a "buy" rating to a "hold" rating in a research report on Friday, February 21st. Finally, Rosenblatt Securities reiterated a "buy" rating and issued a $445.00 target price on shares of CyberArk Software in a report on Tuesday, May 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jennison Associates LLC lifted 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 worth $534,287,000 after purchasing an additional 391,900 shares during the last quarter. Thoma Bravo L.P. acquired a new stake in CyberArk Software in the fourth quarter valued at $380,637,000. Invesco Ltd. raised its stake in CyberArk Software by 12.2% in the first quarter. Invesco Ltd. now owns 1,129,894 shares of the technology company's stock valued at $381,904,000 after buying an additional 122,423 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in CyberArk Software by 1,598.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 979,181 shares of the technology company's stock worth $330,964,000 after buying an additional 921,523 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in shares of CyberArk Software by 2.3% during the 4th quarter. First Trust Advisors LP now owns 939,768 shares of the technology company's stock worth $313,084,000 after acquiring an additional 20,832 shares in the last quarter. Institutional investors and hedge funds own 91.84% of the company's stock.

CyberArk Software Trading Up 0.4%

CyberArk Software stock traded up $1.47 during midday trading on Friday, hitting $380.42. 697,433 shares of the stock were exchanged, compared to its average volume of 552,183. The stock's 50-day simple moving average is $348.57 and its 200 day simple moving average is $346.73. CyberArk Software has a fifty-two week low of $225.88 and a fifty-two week high of $421.00. The stock has a market capitalization of $18.80 billion, a price-to-earnings ratio of -195.09 and a beta of 0.99.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 EPS for the quarter, beating the consensus estimate of $0.79 by $0.19. The firm had revenue of $317.60 million for the quarter, compared to analyst estimates of $305.57 million. CyberArk Software had a negative net margin of 9.34% and a positive return on equity of 0.45%. The business's revenue for the quarter was up 43.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.75 EPS. Equities analysts anticipate that CyberArk Software will post -0.47 EPS for the current fiscal year.

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.