CyberArk Software Ltd. (NASDAQ:CYBR) Receives Average Recommendation of "Hold" from Brokerages

Shares of CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) have earned an average recommendation of "Hold" from the thirty-one research firms that are covering the firm, MarketBeat reports. Seventeen research analysts have rated the stock with a hold rating and fourteen have issued a buy rating on the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $435.1071.

CYBR has been the subject of several recent analyst reports. Barclays boosted their target price on CyberArk Software from $405.00 to $440.00 and gave the stock an "overweight" rating in a research report on Monday, July 14th. Guggenheim cut CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 target price for the company. in a research report on Thursday, July 31st. Wolfe Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 1st. BTIG Research cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th. Finally, William Blair cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, July 30th.

Hedge Funds Weigh In On CyberArk Software

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Venturi Wealth Management LLC boosted its holdings in shares of CyberArk Software by 3.6% in the 1st quarter. Venturi Wealth Management LLC now owns 834 shares of the technology company's stock worth $282,000 after purchasing an additional 29 shares in the last quarter. Prudential PLC boosted its holdings in shares of CyberArk Software by 2.4% in the 1st quarter. Prudential PLC now owns 1,277 shares of the technology company's stock worth $432,000 after purchasing an additional 30 shares in the last quarter. MAI Capital Management boosted its holdings in shares of CyberArk Software by 1.1% in the 1st quarter. MAI Capital Management now owns 2,756 shares of the technology company's stock worth $932,000 after purchasing an additional 31 shares in the last quarter. NewSquare Capital LLC boosted its holdings in shares of CyberArk Software by 78.0% in the 2nd quarter. NewSquare Capital LLC now owns 73 shares of the technology company's stock worth $30,000 after purchasing an additional 32 shares in the last quarter. Finally, Y.D. More Investments Ltd boosted its holdings in shares of CyberArk Software by 0.5% in the 1st quarter. Y.D. More Investments Ltd now owns 6,974 shares of the technology company's stock worth $2,415,000 after purchasing an additional 38 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR traded down $3.95 during mid-day trading on Tuesday, hitting $467.24. The company had a trading volume of 409,322 shares, compared to its average volume of 924,553. The company has a market capitalization of $23.09 billion, a price-to-earnings ratio of -138.74 and a beta of 1.03. CyberArk Software has a 1 year low of $266.64 and a 1 year high of $480.59. The company has a current ratio of 2.31, a quick ratio of 2.31 and a debt-to-equity ratio of 0.53. The stock's 50-day moving average price is $417.93 and its 200-day moving average price is $379.84.

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