CyberArk Software Ltd. (NASDAQ:CYBR) Receives Consensus Recommendation of "Hold" from Analysts

Key Points

• Analysts have set an average price target of $435.11 for CyberArk Software, with a consensus recommendation of "Hold" from 31 research firms.
• The company's recent earnings report showed a profit of $0.88 EPS, exceeding expectations, and a revenue increase of 46% year-over-year.
• Approximately 91.84% of CyberArk's stock is owned by institutional investors, indicating strong interest from large financial entities.

Shares of CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) have earned a consensus recommendation of "Hold" from the thirty-one research firms that are presently covering the firm, MarketBeat Ratings reports. Seventeen equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $435.1071.

A number of research firms have commented on CYBR. Baird R W cut shares of CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. Piper Sandler reaffirmed a "neutral" rating and set a $448.00 price objective (up previously from $440.00) on shares of CyberArk Software in a research report on Thursday, July 31st. Wolfe Research lowered CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Friday, August 1st. DA Davidson increased their price target on CyberArk Software from $465.00 to $518.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Finally, Guggenheim downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price objective for the company. in a research report on Thursday, July 31st.

CyberArk Software Price Performance

Shares of CyberArk Software stock traded up $16.49 on Friday, reaching $437.59. The company's stock had a trading volume of 1,112,713 shares, compared to its average volume of 926,335. The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $21.63 billion, a P/E ratio of -129.84 and a beta of 0.96. The stock has a 50-day moving average price of $396.99 and a 200-day moving average price of $372.08. CyberArk Software has a 52-week low of $254.43 and a 52-week high of $452.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The technology company reported $0.88 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.09. CyberArk Software had a negative net margin of 13.78% and a positive return on equity of 0.44%. The company had revenue of $328.03 million during the quarter, compared to analysts' expectations of $315.43 million. During the same period in the prior year, the business posted $0.54 earnings per share. The firm's revenue for the quarter was up 46.0% on a year-over-year basis. Analysts expect that CyberArk Software will post -0.47 EPS for the current year.

Hedge Funds Weigh In On CyberArk Software

Hedge funds have recently modified their holdings of the stock. Bessemer Group Inc. lifted its holdings in shares of CyberArk Software by 421.1% during 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. Golden State Wealth Management LLC raised its holdings in shares of CyberArk Software by 100.0% during the 1st 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. Mirae Asset Global Investments Co. Ltd. raised its stake in CyberArk Software by 17.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,868 shares of the technology company's stock worth $627,000 after acquiring an additional 280 shares in the last quarter. Blue Trust Inc. lifted its holdings in shares of CyberArk Software by 5.9% in the first quarter. Blue Trust Inc. now owns 1,099 shares of the technology company's stock worth $371,000 after acquiring an additional 61 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of CyberArk Software by 9.1% in the 1st quarter. Yousif Capital Management LLC now owns 2,235 shares of the technology company's stock valued at $755,000 after purchasing an additional 187 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

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.