CyberArk Software Ltd. (NASDAQ:CYBR) Given Average Rating of "Moderate Buy" by Brokerages

CyberArk Software Ltd. (NASDAQ:CYBR - Get Free Report) has received a consensus rating of "Moderate Buy" from the twenty-four research firms that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $258.54.

A number of research analysts recently weighed in on CYBR shares. Citigroup raised their target price on shares of CyberArk Software from $215.00 to $265.00 and gave the company a "buy" rating in a report on Wednesday, January 10th. Rosenblatt Securities raised their price target on CyberArk Software from $265.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. Truist Financial raised their price target on CyberArk Software from $250.00 to $300.00 and gave the stock a "buy" rating in a research report on Friday, February 9th. Bank of America restated a "buy" rating and issued a $315.00 price target on shares of CyberArk Software in a research report on Wednesday. Finally, BTIG Research initiated coverage on CyberArk Software in a research report on Thursday, March 28th. They issued a "buy" rating and a $317.00 price target for the company.

Institutional Investors Weigh In On CyberArk Software

A number of large investors have recently modified their holdings of the business. Jennison Associates LLC grew its stake in shares of CyberArk Software by 81.4% during the fourth quarter. Jennison Associates LLC now owns 1,053,964 shares of the technology company's stock worth $230,871,000 after acquiring an additional 472,961 shares during the last quarter. Polar Capital Holdings Plc lifted its holdings in shares of CyberArk Software by 15.4% during the third quarter. Polar Capital Holdings Plc now owns 594,809 shares of the technology company's stock worth $97,412,000 after purchasing an additional 79,506 shares during the period. TimesSquare Capital Management LLC lifted its holdings in shares of CyberArk Software by 2.1% during the third quarter. TimesSquare Capital Management LLC now owns 553,969 shares of the technology company's stock worth $90,724,000 after purchasing an additional 11,387 shares during the period. Norges Bank acquired a new stake in shares of CyberArk Software during the fourth quarter worth about $100,797,000. Finally, Nomura Holdings Inc. lifted its holdings in shares of CyberArk Software by 9.5% during the third quarter. Nomura Holdings Inc. now owns 364,875 shares of the technology company's stock worth $59,756,000 after purchasing an additional 31,660 shares during the period. Hedge funds and other institutional investors own 91.84% of the company's stock.

CyberArk Software Stock Performance

CYBR traded down $2.47 during trading on Friday, reaching $242.60. 340,246 shares of the company traded hands, compared to its average volume of 363,550. CyberArk Software has a 12-month low of $120.11 and a 12-month high of $283.00. The firm has a fifty day simple moving average of $256.03 and a 200 day simple moving average of $223.79. The company has a market cap of $10.25 billion, a P/E ratio of -149.75 and a beta of 1.05.

CyberArk Software (NASDAQ:CYBR - Get Free Report) last announced its quarterly earnings data on Thursday, February 8th. The technology company reported $0.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.34) by $0.53. CyberArk Software had a negative net margin of 8.84% and a negative return on equity of 8.23%. The business had revenue of $223.10 million during the quarter, compared to analyst estimates of $209.65 million. As a group, sell-side analysts expect that CyberArk Software will post -1.46 earnings per share for the current fiscal 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.