CyberArk Software Ltd. (NASDAQ:CYBR) Receives Average Rating of "Buy" from Analysts

Shares of CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) have been assigned an average recommendation of "Buy" from the twenty-eight analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold recommendation, twenty-five have issued a buy recommendation and two have issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $415.18.

A number of research analysts recently commented on the company. Oppenheimer upped their price objective on CyberArk Software from $360.00 to $420.00 and gave the company an "outperform" rating in a report on Wednesday, February 5th. Stephens initiated coverage on CyberArk Software in a report on Tuesday, April 1st. They set an "overweight" rating and a $440.00 price target for the company. Rosenblatt Securities reissued a "buy" rating and set a $445.00 price objective on shares of CyberArk Software in a research report on Wednesday, February 26th. Needham & Company LLC reaffirmed a "buy" rating and issued a $480.00 target price on shares of CyberArk Software in a research report on Thursday, March 20th. Finally, Piper Sandler lifted their price target on shares of CyberArk Software from $380.00 to $440.00 and gave the company an "overweight" rating in a research report on Thursday, February 6th.

CyberArk Software Stock Performance

Shares of NASDAQ CYBR opened at $362.08 on Wednesday. CyberArk Software has a fifty-two week low of $223.41 and a fifty-two week high of $421.00. The company has a market cap of $17.90 billion, a PE ratio of -185.68 and a beta of 0.99. The business has a 50-day simple moving average of $340.60 and a two-hundred day simple moving average of $337.08.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last released its earnings results on Thursday, February 13th. The technology company reported ($0.14) EPS for the quarter, missing analysts' consensus estimates of $0.71 by ($0.85). CyberArk Software had a positive return on equity of 0.45% and a negative net margin of 9.34%. On average, sell-side analysts predict that CyberArk Software will post -0.47 earnings per share for the current fiscal year.

Institutional Investors Weigh In On CyberArk Software

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Thoma Bravo L.P. acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $380,637,000. Norges Bank bought a new stake in CyberArk Software during the 4th quarter worth approximately $203,375,000. Nepsis Inc. increased its stake in CyberArk Software by 882.4% during the 4th quarter. Nepsis Inc. now owns 562,327 shares of the technology company's stock worth $187,339,000 after purchasing an additional 505,088 shares in the last quarter. Jennison Associates LLC raised its holdings in 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 buying an additional 391,900 shares during the period. Finally, Allspring Global Investments Holdings LLC lifted its stake in CyberArk Software by 195.7% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 508,355 shares of the technology company's stock valued at $170,614,000 after buying an additional 336,462 shares in the last quarter. Institutional investors own 91.84% of the company's stock.

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.

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