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

Key Points

• CyberArk Software Ltd. (NASDAQ:CYBR) has received a consensus rating of "Hold" from analysts, with 19 hold ratings and 12 buy ratings among the 31 firms covering the stock.
• CyberArk reported earnings of $0.88 EPS for the last quarter, exceeding analysts' expectations, and experienced a 46% increase in revenue compared to the same quarter last year.
• Institutional investors own approximately 91.84% of CyberArk's stock, with recent activities including significant stakes acquired by various hedge funds, indicating growing interest in the company.

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) has earned a consensus recommendation of "Hold" from the thirty-one ratings firms that are covering the stock, MarketBeat reports. Nineteen analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 12-month target price among analysts that have covered the stock in the last year is $439.00.

Several analysts have recently commented on CYBR shares. JMP Securities reaffirmed a "market perform" rating on shares of CyberArk Software in a report on Tuesday, September 23rd. Wedbush restated a "neutral" rating and set a $450.00 target price on shares of CyberArk Software in a research report on Thursday, July 31st. Robert W. Baird reaffirmed a "neutral" rating and issued a $460.00 price target on shares of CyberArk Software in a report on Friday, August 1st. Guggenheim downgraded CyberArk Software from a "strong-buy" rating to a "hold" rating and set a $455.00 price target on the stock. in a research report on Thursday, July 31st. Finally, KeyCorp cut CyberArk Software from a "strong-buy" rating to a "hold" rating in a report on Thursday, July 31st.

Institutional Investors Weigh In On CyberArk Software

Hedge funds have recently bought and sold shares of the stock. Golden State Wealth Management LLC grew its stake 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 purchasing an additional 39 shares during the period. Opal Wealth Advisors LLC purchased a new stake in CyberArk Software during the second quarter worth $30,000. NewSquare Capital LLC boosted its holdings in CyberArk Software by 78.0% during the second quarter. NewSquare Capital LLC now owns 73 shares of the technology company's stock worth $30,000 after buying an additional 32 shares in the last quarter. Bessemer Group Inc. grew 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 valued at $33,000 after buying an additional 80 shares during the period. Finally, AlphaCore Capital LLC purchased a new position in CyberArk Software in the second quarter valued at $33,000. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Down 0.9%

Shares of CYBR stock opened at $490.39 on Friday. CyberArk Software has a fifty-two week low of $271.68 and a fifty-two week high of $501.08. The firm has a market capitalization of $24.75 billion, a PE ratio of -145.52 and a beta of 1.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 2.31 and a current ratio of 2.31. The stock's 50-day simple moving average is $449.49 and its 200-day simple moving average is $395.00.

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

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