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

Shares of CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) have been given an average recommendation of "Buy" by the twenty-eight research firms that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation, twenty-six have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $418.04.

Several research analysts recently weighed in on CYBR shares. Rosenblatt Securities reaffirmed a "buy" rating and set a $445.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Morgan Stanley restated an "equal weight" rating on shares of CyberArk Software in a research report on Tuesday, May 13th. DA Davidson lifted their price objective on shares of CyberArk Software from $435.00 to $465.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Royal Bank Of Canada reissued an "outperform" rating and set a $420.00 target price on shares of CyberArk Software in a research note on Tuesday, May 13th. Finally, Cantor Fitzgerald restated an "overweight" rating and issued a $400.00 price target on shares of CyberArk Software in a research report on Tuesday, May 13th.

CyberArk Software Stock Up 0.5%

CYBR stock opened at $385.58 on Monday. The company has a market capitalization of $19.06 billion, a P/E ratio of -207.30 and a beta of 1.00. The company has a 50-day simple moving average of $384.62 and a 200 day simple moving average of $364.52. CyberArk Software has a fifty-two week low of $230.00 and a fifty-two week high of $421.00.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last issued its quarterly earnings results on Tuesday, May 13th. The technology company reported $0.98 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.19. CyberArk Software had a negative net margin of 7.97% and a positive return on equity of 0.71%. The company had revenue of $317.60 million during the quarter, compared to analyst estimates of $305.57 million. During the same period in the prior year, the business posted $0.75 EPS. The business's revenue for the quarter was up 43.3% compared to the same quarter last year. Equities analysts anticipate that CyberArk Software will post -0.47 EPS for the current year.

Institutional Investors Weigh In On CyberArk Software

Large investors have recently made changes to their positions in the company. Opal Wealth Advisors LLC acquired a new stake in CyberArk Software in the second quarter valued at approximately $30,000. TD Private Client Wealth LLC raised its holdings in shares of CyberArk Software by 79.1% during the 4th quarter. TD Private Client Wealth LLC now owns 77 shares of the technology company's stock valued at $26,000 after purchasing an additional 34 shares in the last quarter. Golden State Wealth Management LLC lifted its stake in shares of CyberArk Software by 100.0% in the 1st 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 last quarter. Whipplewood Advisors LLC boosted its holdings in CyberArk Software by 135.3% in the first quarter. Whipplewood Advisors LLC now owns 80 shares of the technology company's stock worth $27,000 after purchasing an additional 46 shares in the last quarter. Finally, Bessemer Group Inc. increased its position in 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 during 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.

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