CyberArk Software Ltd. (NASDAQ:CYBR) Receives $415.71 Consensus Target Price from Analysts

Shares of CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) have received a consensus rating of "Buy" from the twenty-eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation, twenty-six have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $415.71.

CYBR has been the topic of a number of research reports. KeyCorp decreased their price target on shares of CyberArk Software from $485.00 to $425.00 and set an "overweight" rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company raised their price target on shares of CyberArk Software from $425.00 to $500.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Truist Financial decreased their price target on shares of CyberArk Software from $450.00 to $425.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Barclays reaffirmed an "overweight" rating on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $455.00 price target on shares of CyberArk Software in a research note on Tuesday, February 25th.

CyberArk Software Trading Up 0.5%

CYBR traded up $1.78 during midday trading on Friday, hitting $395.85. 486,195 shares of the company were exchanged, compared to its average volume of 550,571. The company's 50 day simple moving average is $350.53 and its 200 day simple moving average is $347.99. The firm has a market capitalization of $19.57 billion, a price-to-earnings ratio of -203.00 and a beta of 0.99. CyberArk Software has a 1-year low of $230.00 and a 1-year 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 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.19. CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. The company had revenue of $317.60 million for the quarter, compared to the consensus estimate of $305.57 million. During the same period last year, the firm earned $0.75 EPS. The firm's revenue for the quarter was up 43.3% compared to the same quarter last year. On average, equities analysts anticipate that CyberArk Software will post -0.47 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC lifted its holdings in CyberArk Software by 79.1% in the fourth quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after acquiring an additional 34 shares during the last quarter. Golden State Wealth Management LLC raised its position in CyberArk Software by 100.0% in the first quarter. Golden State Wealth Management LLC now owns 78 shares of the technology company's stock valued at $26,000 after purchasing an additional 39 shares during the period. Whipplewood Advisors LLC raised its position in CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock valued at $27,000 after purchasing an additional 46 shares during the period. Bessemer Group Inc. raised its position in CyberArk Software by 421.1% in the first quarter. Bessemer Group Inc. now owns 99 shares of the technology company's stock valued at $33,000 after purchasing an additional 80 shares during the period. Finally, Morse Asset Management Inc purchased a new stake in CyberArk Software in the first quarter valued at approximately $34,000. 91.84% of the stock is currently owned by institutional investors and hedge funds.

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.